First Solar (FSLR) saw its stock plummet by 6.91% in intraday trading on Monday, underperforming the broader market. The significant decline appears to be driven by multiple factors, including analyst rating downgrades and overall poor market performance.
One factor contributing to the drop is Redburn Atlantic initiating coverage on First Solar with a Neutral rating and a price target of $150, which is significantly lower than the current average analyst price target of $251.40. This downgrade in rating and lower price target may have dampened investor sentiment towards the stock.
Additionally, First Solar's stock performance mirrored the broader market's grim trading session. According to the news, First Solar's stock closed 58.4% short of its 52-week high of $306.77, and the trading volume totaled 4.7 million shares, compared to the 50-day average of 2.4 million. This suggests that the stock's plummet was likely influenced by overall market conditions and investor sentiment.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。