ThinkEquity Downgrades FSLR On Potential Pricing Competition

ThinkEquity downgraded First Solar (NASDAQ: FSLR) from “buy” to “hold.” The target price has been reduced from $162 to $114.

According to ThinkEquity, FSLR is dependent on the internal systems business and exposed to currency fluctuations. The company is also likely to face pricing competition in the near term, the analysts say.

FSLR’s shares have lost 7.53% to trade at $116.78 in pre-market. More Analyst Ratings here