Market Overview

UPDATE: DNB Markets Downgrades First Solar to Sell on Valuation

Share:
Related FSLR
SunPower's Restructuring Is A Bad Sign For Photovoltaic Industry
Benzinga's Top Downgrades
Regime Change and the Clean Energy Contrarian (GuruFocus)

DNB Markets reduced its rating on First Solar (NASDAQ: FSLR) from Buy to Sell and lowered its price target from $21 to $20.

DNB Markets noted, "First Solar has surged 45% since the Q2 results. However, responding to worse than expected losses in the module division, we have trimmed 2013e EPS, and cut target price to USD20. Given the potential downside, we have downgraded from BUY to SELL."

First Solar closed at $21.43 on Friday.

Latest Ratings for FSLR

DateFirmActionFromTo
Nov 2016MacquarieDowngradesOutperformNeutral
Nov 2016BarclaysMaintainsOverweight
Nov 2016UBSDowngradesNeutralSell

View More Analyst Ratings for FSLR
View the Latest Analyst Ratings

Posted-In: DNB MarketsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (FSLR)

View Comments and Join the Discussion!