Shares of solar stocks are trading lower amid possible sympathy with First Solar after Jefferies cut its price target on the stock from $271 to $266.
Portfolio Pulse from Benzinga Newsdesk
Solar stocks are experiencing a downturn as Jefferies reduces its price target for First Solar from $271 to $266, potentially affecting other solar companies.
October 10, 2024 | 3:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Jefferies has reduced its price target for First Solar from $271 to $266, which is causing a negative sentiment in the market for solar stocks.
The reduction in price target by Jefferies directly affects First Solar, leading to a negative market sentiment. This is likely to cause a short-term decline in First Solar's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100