RBC Capital Markets downgraded its rating on shares of First Solar Inc. (FSLR) Tuesday morning to "Underperform" from "Sector Perform."
First Solar gapped open lower Tuesday and declined during the first hour of trade. The stock settled into a range for the remainder of the day and closed down by 4.01 at $51.06 on above average volume. First Solar dropped below a 3-week trading range and set a 3-month low.
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