The Dow Jones Industrial Average today is flat as traders speculate on the timing of the next Fed rate hike.
FSLR
First Solar Inc
The 5 Worst-Performing S&P 500 Stocks in 2016
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The five worst-performing S&P 500 stocks in 2016 haven't been enjoying the market highs like most other stocks this year.
Here's why these stocks are trading down double digits this year...
Why First Solar (Nasdaq: FSLR) Stock Is Oversold
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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...
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