First Solar shares are trading lower after the company maintained the stock with an Equal-Weight rating but lowered its price target from $226 to $214.
Portfolio Pulse from Benzinga Newsdesk
First Solar's stock has been maintained with an Equal-Weight rating, but its price target has been lowered from $226 to $214. This has led to a decrease in the trading price of the company's shares.
October 18, 2023 | 3:15 pm
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First Solar's price target has been lowered, which has led to a decrease in the trading price of its shares.
The lowering of First Solar's price target by analysts indicates a less optimistic outlook for the company's stock, which can lead to a decrease in its trading price. This is likely to have a negative impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100