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

Rating:
Hold FSLR
down 17.40 %

First Solar, Inc. (FSLR) downgraded to Hold with price target $130 by Jefferies & Co

Posted on: Friday,  Aug 21, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold First Solar, Inc. (NASDAQ: FSLR) on 08/21/2009. Previously Jefferies & Co rated Buy First Solar, Inc. (NASDAQ: FSLR)
on 07/31/2009., when the stock price was $155.05. Since then, First Solar, Inc. has lost 17.41% as of 08/21/2009's recent price of $128.06.
If you would have followed the previous Jefferies & Co's recommendation on FSLR, you would have lost 17.4% of your investment in 21 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2009 8:25 AM Hold
None
128.06 130.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -7.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2009 8:25 AM Buy
None
155.05 200.00
2/25/2009 8:25 AM Buy
None
111.24 170.00
12/19/2008 8:25 AM Buy
None
137.67 180.00

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