Found these excerpts on the downgrade today. This is really an industry call. Got used to these analyst jabs on the way back up.
"First Solar (FSLR) May be Good Short Candidate as Margins, Profitability to Ebb. The firm cut First Solar from Market Perform to Underperform, seeing its legacy U.S. utility-scale project profitability falling off in the coming years. Analyst Pavel Molchanov notes that, although the firm avoided putting a Sell rating the the company, First Solar has become just as good a short opportunity as its peers...."
"First Solar is cut to Sell at Raymond James, with analyst Pavel Molchanov calling the recent big move in the stock (and solar overall) "another solar junk rally." It's a carbon copy of last year's surge around this time, he says. "Here is how that movie e..."