J.P. Morgan’s cuts its price target on shares of First Solar (FSLR -3.3%) to $20 from $35 and...

|By:, SA News Editor

J.P. Morgan’s cuts its price target on shares of First Solar (FSLR -3.3%) to $20 from $35 and withdraws its target for SunPower (SPWR -2.2%), writing that the global subsidies for solar power “show no signs of stabilization,” resulting in uncertain pricing for solar power modules. In the case of FSLR, -38% YTD, the call seems too little too late.