First Solar Slammed After Concerns Surface Over 2016, 2017 Earnings

shares are trading lower by $5.80 at $53.06 in Thursday's session. The company was downgraded from Buy to Hold at Needham citing concerns over 2016 and 2017 earnings. After a sharply lower open, it managed a bounce to $55.39 before continuing its move lower. o far, it has reached $52.51 and is not far off that level. That low coincides with a series of five lows between $52.16 and $52.83 from November 13-19.