FSLR Stock News

Solar Industry

Why First Solar (Nasdaq: FSLR) Stock Is Oversold

It's not as dark for FSLR stock as it looks.

First Solar Inc. (Nasdaq: FSLR) stock took a 7.28% hit Tuesday after a brutal downgrade by RBC Capital Markets. FSLR shares closed at $51.06, down $4.01 on the day.

RBC analyst Mahesh Sanganeria warned that Tempe, Ariz.-based First Solar would not meet its revenue and profit targets this year and next. And he whacked his 12-month price target from $54 to $34.

But FSLR stock is not the disaster that Sanganeria described in his note...