First Solar, Evergreen Solar: What You Need to Know

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Shares of First Solar (FSLR Quote) are off roughly 20% today [Feb. 25] to around $110. It could have been worse: Some analysts slashed their price targets down to the $60 to $90 range on the heels of a more cautious management outlook for 2009.

Shares do indeed look vulnerable to further selling, as the next few quarters could prove to be a bit scary. But shares are unlikely to reach those most bearish targets, as the company's brighter longer-term outlook is likely to lure buying support if the stock breaches the $100 mark.

Most importantly, as I'll note in a bit, the outlook for smaller, more poorly capitalized rivals could really get hammered in coming quarters. ...