Citi downgrades First Solar after stock jumps 20% in three months

Published Tue, Jul 13 20216:07 AM EDTUpdated Tue, Jul 13 20216:25 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona.

Joshua Lott | Bloomberg | Getty Images

First Solar's stock is bumping up against its ceiling after a recent rebound, and investors should look elsewhere for a big winner, according to Citi.

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