Benzinga | Oct 20, 2021 10:10AM EDT

Why First Solar Shares Are Falling

First Solar, Inc. (NASDAQ: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.