“We believe that supply of solar panels will significantly exceed demand in 2011 and 2012. Prices have moved down significantly this year and they could go lower,” said Cantor Fitzgerald, which has a sell rating on the stock. “We are unwilling to call a bottom in the shares of First Solar because we believe that fundamentals over the next 12-18 months will be extremely challenging.”
Guggenheim Solar ETF
First Solar
