On The Bright Side, Vetr Crowd Upgrades First Solar

On Tuesday, the Vetr crowd upgraded their rating for First Solar, Inc. FSLR from 3.5 stars (Buy) issued four days ago, to 4.5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was primarily positive, with 76 percent of Vetr user ratings bullish.

First Solar has resumed its downward trend after trading just shy of $38 late in February following a substantial earnings beat that saw the company surpass EPS estimates by more than 29 percent and revenue estimates by more than 16 percent.

Despite the earnings rally, by March the solar company receded quickly to around $32 before falling below that resistance to end today's session at $29.04.

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Currently, the Vetr crowd's average target price for First Solar is up at $40.93, which is still below the average analyst target price of $43.49. Less than 2 percent of Vetr users are holding FSLR in their watch lists.