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Friday, Dec 14
2012, 4:41 PM
Take a bow, First Solar (FSLR +2.5%): you're the only stock to make JPMorgan's list of stocks to...
Take a bow, First Solar (FSLR +2.5%): you're the only stock to make JPMorgan's list of stocks to avoid in 2013. The firm cites "overcapacity and declining demand in Europe," two things every solar manufacturer is painfully aware of. First Solar, which also made JPM's 2012 list, fell 66% from New Year's to its June low, but has since gained 184% on optimism about its efforts to restructure and focus on installation projects rather than module sales. Altogether, shares are down 4% on the year. Update: Commenter Mister Destructo notes all of JPM's other 2012 stocks to avoid are up on the year.