Analysts say First Solar (FSLR -21.6%) probably still hasn’t owned up to how bad things can get, even after the solar bellwether's massive guidance cut. Wunderlich, in lowering its price target on shares to $38 from $55, says FSLR has "few levers to lower costs and stay competitive, but it doesn’t extricate the company from chasing falling prices... it is chasing a rabbit down the hole."
Analysts say First Solar (FSLR -21.6%) probably still hasn’t owned up to how bad things can get,...
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