Wunderlich Securities Reiterates Sell and $125 PT On First Solar (FSLR)

Wunderlich Securities reiterated its Sell rating and a $126 price target on First Solar FSLR in a research report published today. In the report, Wunderlich states, "The company left its full-year guidance largely intact, but by guiding lower than consensus for 2Q11 it made the results even more back-end loaded than they had been previously. We reiterate our Sell rating and $125 price target on FSLR shares." In yesterday's trading, First Solar lost 2.66% to close the day at $134.66. Its shares continued to lose ground in today's pre-trading session as well, falling 8.51% to trade at $123.20.