First Solar (FSLR) was at the bottom of the S&P 500 Wednesday, on the heels of its fourth quarter was better than expected, but not good enough for many investors
First Solar dropped $3.06, or 8.4%, to $33.56. The S&P 500 closed down just 2.56 points, or 0.11%, to 2362.82.
First Solar said it earned $1.24 per share, above the 98 cents analysts forecast. Revenues fell 49% to $480.43 million, also beating the $394.65 million consensus.
However even bulls warned that the shares could be rangebound this year. Credit Suisse’s Andrew Hughes was one of the skeptics, cutting his rating on the stock to Underweight and lowering his price target by $1, to $29....MORE
Wednesday, February 22, 2017
"The Biggest Loser: First Solar Drops 8.4%" (FSLR)