First Solar Stock Plummets After Analyst Downgrade

Citi downgraded First Solar to Sell/High Risk from Neutral and cut its price target to $194.00 from $220.00 ahead of its Q1 earnings announcement, citing increased scrutiny on the company's long-term outlook for margins and growth. Meanwhile, Wolfe Research downgraded C3.ai to Underperform from Peerperform with a price target of $14.00, and Truist Securities downgraded Regions Financial to Hold from Buy with a price target of $20.00. Raymond James downgraded Tandem Diabetes Care to Market Perform from Outperform, and Goldman Sachs downgraded Kingsoft Cloud to Sell from Neutral while raising its price target to $5.10 from $4.00.