Friday, February 4, 2011

First Solar Catches Another Downgrade, this Time from Kaufman (FSLR)

The stock is down $2.89 at $159.30.
On the heels of yesterday's "Auriga Cuts First Solar to Hold on Valuation (FSLR)" we have this from Bloomberg:
Shares of First Solar Inc. edged lower Friday and Kaufman Brothers downgraded the company due to the expected decline in European incentive programs and ample supply of solar cells on the market.

The company's shares have increased 25 percent to $162 per share since the beginning of January, following the sale of its Agua Caliente project. Shares closed at $162.17 on Thursday....MORE
I'd like to see at least one, and preferably two. more downgrades before earnings are released later this month to feel extra comfy scalping a bit on the long side.