Analysts Mixed On First Solar (FSLR): ThinkEquity & Credit Suisse Downgrade, Wedbush Lifts Price Target

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10:14:13 am on July 31, 2009

Analysts have been, for the most part, negative on First Solar this morning which is why the stock continued to slide in pre market trading.  It has stabilized though and holding steady in the 155 – 157 range.  I wouldn’t be surprised to see a retest of the 150 before this is all said and done, particularly if this market ever goes into a meaningful correction.  That would provide another great place to add a long term position in my opinion.

Credit Suisse downgraded – Outperform to Neutral

ThinkEquity downgraded – Buy to Accumulate.

Wedbush Morgan is the only positive so far with a lifting of the price target from $170 to $195 and a reiteration of the their Outperform rating.

I’ll post more analyst moves here as they come.


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