Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Blame Robert W. Baird for the fall. The firm cut its rating on First Solar shares from "outperform" to "neutral," citing yesterday's guidance. Peer MEMC Electronic Materials
Now what: Though yesterday's sell-off was fueled by lower prices, tighter margins, and weakening market conditions, today's action was based no new information and, as a result, was probably overdone. Do you agree? Would you buy shares of First Solar at current prices? Let us know what you think using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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