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

Rating:
Underperform
FSLR
up 123.03 %

First Solar, Inc. (FSLR) downgraded to Underperform with price target $90 by Wedbush Morgan

Posted on: Tuesday,  Feb 23, 2010  10:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Underperform First Solar, Inc. (NASDAQ: FSLR) on 02/23/2010, when the stock price was $106.70. Since
then, First Solar, Inc. has lost 55.16% as of 01/15/2016's recent price of $47.84.
If you would have followed this Wedbush Morgan's recommendation on FSLR, you would have gained 123.03% of your investment in 2152 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/23/2010 10:25 AM Sell
None
106.70 90.00
as of 12/31/2010
1 Week down  -11.73 %
1 Month down  -19.99 %
3 Months down  -0.04 %
1 YTD down  -38.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/19/2010 10:25 AM Hold
None
116.90 110.00
10/29/2009 9:25 AM Hold
None
125.65 120.00
10/2/2009 1:25 PM Buy
None
150.58 170.00
8/18/2009 9:25 AM Buy
None
138.61 190.00
7/31/2009 9:25 AM Buy
None
155.05 195.00
4/30/2009 9:25 AM Hold
None
187.75 145.00
2/18/2009 9:25 AM Hold
None
129.22 125.00
10/24/2008 9:25 AM Buy
None
108.50 175.00
7/31/2008 10:25 AM Buy
None
294.55 350.00
1/23/2008 9:25 AM Hold
None
174.68

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