Maxim Group Maintains Hold on First Solar

Maxim Group is out with its report today on First Solar

, maintaining Hold. In its report, Maxim Group writes, "With FSLR's profitability under threat from lower poly ASPs, we are biased to the downside. However, as we await greater clarity on 3Q metrics, the CEO's abrupt departure, and the timing of project cash flows, we maintain our Hold rating." At the time of posting, shares of FSLR were trading at $54.11, up 2.29% from Thursday's close.