First Solar stock crashes 9% on double analyst downgrade
First Solar(FSLR) Finbold·2024-10-11 21:31
Shares of First Solar (NASDAQ: FSLR) experienced a sharp 9.29% decline on October 10. This setback comes after Jefferies and Bank of America (NYSE: BAC) equity analysts revised their price targets downward.Although both firms remain bullish overall in the long term, having reiterated their ‘Buy’ ratings, they expect significant short-term headwinds and setbacks — primarily due to labor shortages, regulatory pressures, and supply chain disruptions. Earlier this year, 13-F filings revealed a significant inves ...