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Benzinga
Benzinga
Business
Priya Nigam

BofA Downgrades First Solar On Lack Of Pricing Power

First Solar BofA Securities FSLR Nasdaq Julien DumoulinSmith

Although there are several tailwinds for First Solar, Inc. (NASDAQ:FSLR), U.S. policy challenges have “consistently failed” to drive pricing power for the company, according to BofA Securities.

The First Solar Analyst: Julien Dumoulin-Smith downgraded the rating for First Solar from Neutral to Underperform, while reducing the price target from $76.50 to $65.50.

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