Citi Downgrades First Solar To Neutral As Growth Drivers Play Out


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • Citigroup analyst J.B. Lowe downgraded First Solar Inc (NASDAQ:FSLR) to Neutral from Buy with a $100 price target, implying a 6.1% upside potential.
  • Since April, the stock has flipped from lagging its module producer peers and the broader solar sector year-to-date to outperforming. 
  • Several of the catalysts he laid out in his April upgrade have played out, Lowe added. The triggers included the U.S. tax and trade policies, higher estimate revisions relative to production, and margin outperformance.
  • Price action: FSLR shares traded lower by 1% at $93.35 in the premarket session on the last check Tuesday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsDowngradesPrice TargetAnalyst RatingsBriefs