Market Overview

UPDATE: Bank of America Downgrades First Solar to Underperform on Weaker Outlook

Share:
Related FSLR
Barclays Breaks Down Its Outlook On Solar
Barclays Highlights Solar Outlook, And How To Play The Long Game
Why You Should Be Buying First Solar (Seeking Alpha)

Bank of America downgraded First Solar (NASDAQ: FSLR) from Buy to Underperform and loweed the price objective from $35.00 to $25.00.

Bank of America commented, "First Solar reported solid Q4 results, but a disappointing outlook. It appears that the company is more willing to be aggressive on pricing than we thought, and it is also evident that First Solar is becoming more dependent on third-party module sales. That is not a profitable business for the company."

First Solar closed at $31.36 on Tuesday.

Latest Ratings for FSLR

DateFirmActionFromTo
Aug 2016Goldman SachsMaintainsBuy
Aug 2016BarclaysMaintainsOverweight
Jul 2016Deutsche BankDowngradesBuyHold

View More Analyst Ratings for FSLR
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Downgrades Analyst Ratings

 

Related Articles (FSLR)

View Comments and Join the Discussion!