Why First Solar Shares Are Falling

First Solar, Inc. FSLR shares are trading lower after Guggenheim analyst Joseph Osha downgraded the stock from Buy to Neutral.

Despite the downgrade, the stock has increased approximately 19% over the past 90 trading sessions.

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity.

First Solar's stock was trading about 5.8% lower at $102.03 per share at the time of publication. The stock has a 52-week high of $112.50 and a 52-week low of $67.71.