Axiom Capital Puts Sell On First Solar (FSLR)

Axiom Capital put a Sell rating on First Solar (NASDAQ: FSLR) in a research report published today.

In the report, Axiom Capital states, "When considering FSLR is guiding C2Q11 EPS to $0.86 vs. its prior C2Q11 EPS guidance of $2.11, yet has decided to reiterate its previous full-year CY11 EPS guidance of $9.25-$9.75, we see outsized risk to incremental earnings revisions creating risk to both Street ests & the company's forward multiple."

In yesterday's trading, First Solar lost 2.09% to close the day at $134.66. Its shares continued to lose ground in today's pre-market trading, falling 6.8% to $125.50.