First Solar Stock Sinks on Downgrade. Why Investors Should Temper Their Expectations.
Market Intelligence Analysis
AI-PoweredFirst Solar's stock has been downgraded to Hold from Buy by analysts, leading to a decrease in price target, which may temper investor expectations.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
First Solar stock has seen healthy gains over the past year, surging 28% to outstrip the 17% gain. Analysts led by Julien Dumoulin-Smith downgraded the stock to Hold from Buy in a note Wednesday. The team also adjusted their price target slightly lower for First Solar to $260 from $269, citing limited upside potential for the maker of solar panels.
Analysis and insights provided by AnalystMarkets AI.