JP Morgan downgraded its rating of First Solar FSLR to Neutral with a price target of $190.00, changing its price target from $147.00 to $190.00.
Shares of First Solar are trading down 3.27% over the last 24 hours, at $165.82 per share.
A move to $190.00 would account for a 14.58% increase from the current share price.
About First Solar
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and a new factory under construction in India.
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