First Solar's Star Dimmer Than Ever

SAN FRANCISCO -- It's been a rough six months for shareholders of First Solar(FSLR Quote).

Wednesday was no better.

Shares of the Tempe, Ariz., solar power-cell maker were off 5.9% to $104.05 in recent trading, dragged down with help from a note by Friedman Billings, which lowered its target on the stock to $120 from $170.

Friedman noted that the company was still the "best in the business" in its ability to maximize its assets, but the company faces headwinds in the U.S., where price competition could heighten from so-called crystalline-cell makers (although First Solar has disputed that threat). ...