RBC Capital Downgrades First Solar To Underperform - First Solar (NASDAQ:FSLR)

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Analysts at RBC Capital downgraded

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First Solar, Inc.

(NASDAQ: FSLR) from Sector Perform to Underperform.The price target for First Solar has been lowered from $54.00 to $34.00.First Solar shares have dropped 10.10 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period.First Solar shares fell 4.30 percent to $52.70 in pre-market trading.