Why First Solar (Nasdaq: FSLR) Stock Is Oversold

It's not as dark for FSLR stock as it looks. First Solar Inc. (Nasdaq: FSLR) stock took a 7.28% hit Tuesday after a brutal downgrade by RBC Capital Markets. FSLR shares closed at $51.06, down $4.01 on the day. RBC analyst Mahesh Sanganeria warned that Tempe, Ariz.-based First Solar would not meet its revenue and profit targets this year and next. And he whacked his 12-month price target from $54 to $34. But FSLR stock is not the disaster that Sanganeria described in his note... Tags: First Solar shares , First Solar stock , FSLR stock , Nasdaq: FSLR , Solar power stocks , solar stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why First Solar (Nasdaq: FSLR) Stock Is Oversold appeared first on Money Morning - We Make Investing Profitable .