Investors in thin-film solar specialist and solar farm builder First Solar (NASDAQ: FSLR) have had mixed news so far this week. Yesterday, StreetInsider.com reported that JMP Securities raised its price target on the stock to $105. But this morning, Goldman Sachs downgraded First Solar all the way from buy to sell. The stock was down 9% on the day as a result.
Why did Goldman Sachs downgrade the stock, and why so drastically?