What's Going On With First Solar Stock?
Portfolio Pulse from Erica Kollmann
First Solar, Inc. (NASDAQ:FSLR) shares are trading lower after Jefferies and B of A Securities reduced their price targets. The clean energy sector is also affected by political polls and economic data. FSLR is down 12% over the past five days and is trading below its 50-day moving average.
October 10, 2024 | 4:47 pm
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NEGATIVE IMPACT
First Solar shares are trading lower after Jefferies and B of A Securities reduced their price targets. The stock is down 12% over the past five days and is trading below its 50-day moving average.
The reduction in price targets by Jefferies and B of A Securities suggests a negative outlook, contributing to the stock's decline. The stock's performance, trading below its 50-day moving average and a 12% drop in five days, indicates bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100