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First Solar slides after Bank of America downgrades stock to underperform

Brett Catchings scans a series 6 solar panel at the end of the manufacturing line during a tour of a First Solar plant in Walbridge, Ohio, October 6, 2021.
Dane Rhys | Reuters

Shares of First Solar declined 5% during premarket trading Tuesday after Bank of America downgraded the stock to underperform from neutral, saying the company has been given "too much credit for a reality that has never materialized."

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