JMP Securities Upgrades First Solar (FSLR) to Market Perform

JMP Securities analyst Joseph Osha upgraded First Solar (NASDAQ: FSLR) from Market Underperform to Market Perform.

The analyst comments "We do not believe that the company’s artificially high pricing can survive through 2020, however, which has been the basis for our Market Underperform rating. That said, the stock’s 35% decline since the end of May has brought FSLR to reasonable valuation territory, even on our newly lower estimates."

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar closed at $43.52 yesterday.

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