First Solar (FSLR -1.8%) gives back some of its recent gains after Maxim Group reiterates a Sell...

|By:, SA News Editor

First Solar (FSLR -1.8%) gives back some of its recent gains after Maxim Group reiterates a Sell and $9 PT. The firm declares those who believe First Solar's long-term outlook has improved in light of its guidance hike and latest solar construction deal to be misguided, and points out EPS is inflated by contracts priced at 2009 levels. Also, Maxim believes First Solar's cost advantage relative to Chinese vendors has evaporated. (previous)