“First Solar Experiences Shocking 50% Drop in Quarterly Revenue: Get the Exclusive Details!”
First Solar Inc. recently reported first-quarter earnings that did not meet expectations, with sales being nearly halved. Shares dropped by as much as 7% after the release. The solar company made $45.6 million, or 40 cents per share, in the latest quarter compared to a loss of $43.3 million, or 41 cents per share, in […]
“First Solar Plummets: Citi Slaps ‘Sell’ Rating as Analysts Foresee Grim Future Ahead!”
First Solar Inc., the “undisputed leader in domestically made modules for utility scale solar in the U.S.,” is facing a “challenging” long-term outlook, according to Citi Research analyst Vikram Bagri. He downgraded his rating on the stock to sell from neutral, causing First Solar shares to recede more than 2% in pre-market trading. Bagri expects […]