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Deutsche Bank maintained its First Solar
FSLR Hold rating and lowered its First Solar price target from $45 to $30 in a research report published today.
In the report, Deutsche Bank states, "Although not surprised by range, we foresee more disappointment as FSLR repositions in new sustainable growth markets and experiences higher than expected opex/tax rate."
Shares of First Solar were trading at $33.85 at the time of posting, down 20.48% from Tuesday's market close.
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