First Solar Stock Sinks After Price Target Cut by Jefferies

Key TakeawaysShares of solar power companies slumped Thursday when Jefferies lowered its price target on First Solar, warning about its current-quarter profit.Jefferies said in a research report that potential delays will lead to lower volumes for First Solar.The analysts cut their price target for First Solar to $266 from $271, but maintained their "buy" rating. First Solar (FSLR) was the worst performer in the S&P 500 intraday Thursday, with shares plunging 10%, after securities analysts at Jefferies lowe ...