What To Know About JP Morgan's Downgrade of First Solar

JP Morgan downgraded its rating of First Solar FSLR to Neutral with a price target of $190.00, changing its price target from $147.00 to $190.00.

Shares of First Solar are trading down 3.27% over the last 24 hours, at $165.82 per share.

A move to $190.00 would account for a 14.58% increase from the current share price.

About First Solar

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and a new factory under construction in India.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.