First Solar Inc (FSLR)

[eFinanceMarkets]

First Solar, SunPower price targets cut at J.P. Morgan on oversupply fears
Chinese solar companies' decision to raise production by 15% this year, combined with supply increases from other sources, likely will hurt U.S. solar energy companies First Solar (FSLR -0.6%) and SunPower (SPWR -2.3%) this year, J.P. Morgan says as it maintains Neutral ratings and lowers price targets for both, TheFly.com reports.
FSLR's earnings power will not rebound until 2019, and its risk/reward ratio is balanced, J.P. Morgan says in trimming its price target to $38 from $41.
Although SPWR is somewhat undervalued and has differentiated technology, the stock lacks catalysts and visibility, the firm says in cutting its price target to $8 from $9.