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FSLR

First Solar

$29.66

0.28 (0.95%)

06:01
11/23/16
11/23
06:01
11/23/16
06:01

First Solar downgraded to Neutral from Outperform at Macquarie

Macquarie analyst Gurpreet Gujral downgraded First Solar to Neutral citing a lack of catalysts after the company canceled the Series 5 product that was originally scheduled to launch in 2017. Pulling forward the launch of its Series 6 product to mid-2018 from 2019 is positive for investors in the long term, but First Solar shares lack a catalyst over the nearer term, Gujral tells investors in a research note. The analyst cut his price target for the shares to $32.75 from $57.33. First Solar closed yesterday up 28c to $29.66.

FSLR First Solar
$29.66

0.28 (0.95%)

11/17/16
11/17/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lowe's (LOW) downgraded to Market Perform from Outperform at Telsey Advisory. 2. Chipotle (CMG) downgraded to Sell from Neutral at Guggenheim. 3. First Solar (FSLR) downgraded to Underperform from Market Perform at Avondale. 4. AB InBev (BUD) downgraded to Hold from Buy at Investec with analyst Anthony Geard citing weak third quarter results and high cost savings goals from the newly acquired SAB. 5. Atwood Oceanics (ATW) downgraded to Sell from Neutral at Citi and to Equal Weight from Overweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/16
UBSW
11/18/16
DOWNGRADE
Target $25
UBSW
Sell
First Solar downgraded to Sell from Neutral at UBS
UBS analyst Julien Dumoulin-Smith downgraded First Solar to Sell saying the just issued 2017 guidance "is not the trough in expectations." The company's outlook does not "necessarily improve substantially" in 2018 and 2019 could be another peak year as ITC steps down, Dumoulin-Smith tells investors in a research note. The analyst notes that First Solar's structural cash flow "remains quite limited." He cut his price target for the shares to $25 from $45.
11/18/16
ROTH
11/18/16
NO CHANGE
Target $27
ROTH
Neutral
First Solar price target lowered to $27 from $33 at Roth Capital
Roth Capital analyst Philip Shen lowered his price target for First Solar to $27 from $33 given the uncertainty around earnings power for an extended period of time. The analyst notes that 2017 and the first half of 2018 will represent a transition period with much lower than expected earnings power as the company takes Series 4 capacity offline. He reiterates a Neutral rating on the shares.
11/18/16
11/18/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underperform from Market Perform at BMO Capital with analyst James Fotheringham saying that the shares don't reflect the impact of its "recent cross-selling issues." 2. Gap (GPS) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez citing expectations that the company's brands will continue to struggle. 3. Citi (C) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Torchmark (TMK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Seth Weiss citing relative valuation. 5. First Solar (FSLR) downgraded to Sell from Neutral at UBS with analyst Julien Dumoulin-Smith saying the recently issued 2017 guidance "is not the trough in expectations." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CYOU

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SEMG

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SOHU

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REVG

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REVG

REV Group

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0.37 (1.36%)

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JAG

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JAG

Jagged Peak Energy

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JAG

Jagged Peak Energy

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JAG

Jagged Peak Energy

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JAG

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JAG

Jagged Peak Energy

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AFLYY

Air France-KLM

$6.83

0.29 (4.43%)

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ENGGY

Enagas

$12.34

-0.0699 (-0.56%)

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CRBP

Corbus Pharmaceuticals

$8.85

0.55 (6.63%)

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LHCG

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HNI

HNI Corporation

$46.09

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KN

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