First Solar Slides Most Since November as RBC Downgrades Shares

First Solar Inc. tumbled the most since November after RBC Capital Markets LLC said the producer of solar energy systems won’t meet its own revenue and profit targets for 2016.

First Solar’s revenue will barely grow this year and next, RBC analyst Mahesh Sanganeria said, compared with the company’s estimates for an increase of 19 percent in 2015 and 2.5 percent in 2016. RBC cut its rating on shares of the Tempe, Arizona-based company to the equivalent of sell from hold, and dropped its 12-month price target to $34 from $54. First Solar plunged