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Enter Symbol:
First Solar, Inc. (FSLR) [hlAlert]

down 44.86 %

First Solar, Inc. (FSLR) downgraded to Hold by Canaccord Adams

Posted on: Thursday,  Jun 25, 2009  8:25 AM ET by Canaccord Adams

Canaccord Adams rated Hold First Solar, Inc. (NASDAQ: FSLR) on 06/25/2009. Previously Canaccord Adams rated Buy First Solar, Inc. (NASDAQ: FSLR) on
07/31/2008., when the stock price was $292.61. Since then, First Solar, Inc. has lost 44.87% as of 06/25/2009's recent price of $161.33.
If you would have followed the previous Canaccord Adams's recommendation on FSLR, you would have lost 44.86% of your investment in 329 days.

First Solar, Inc. designs and manufactures solar modules using a thin film semiconductor technology. Its solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. It has long-term solar module supply contracts (the Long Term Supply Contracts) with 12 European project developers and system integrators. Its customers develops, owns and operates solar power plants or sells turnkey solar power plants to end-users that include owners of land, owners of agricultural buildings, owners of commercial warehouses, offices and industrial buildings, public agencies, municipal government authorities, utility companies, and financial investors that desire to own large scale solar power plant projects.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/25/2009 8:25 AM Hold
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  16.93 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2008 11:25 AM Buy
292.61 400.00
3/28/2008 8:25 AM Buy
233.91 325.00

(*) Stock Price at the time of the recommendation.
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