First Solar (FSLR) falls after Cantor Fitzgerald reiterates a Sell, and lowers its PT to $55. Cantor sees continued oversupply in the solar market hurting First Solar's sales and pricing power. Nonetheless, the firm thinks First Solar is well-positioned to profit long-term, as the market consolidates, and subsidy reductions increase the value of its cost advantage.
Let me get this straight: It's a "SELL", however, long term they are well-positioned.
What does that mean???
FSLR is down 3.58 to 68.68 today.
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