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Rating: FSLR

First Solar, Inc. (NASDAQ: FSLR) downgraded to Hold by Needham

Thursday,  Dec 10, 2015  8:25 AM ET by Betsy O'Brien Harrison

Needham downgraded First Solar, Inc. (NASDAQ: FSLR) to Hold. Previously Needham
downgraded to First Solar, Inc. (NASDAQ: FSLR) to Buy with price target $75 on 02/25/2015, when the stock price was $56.91.

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.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.

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