First Solar Drops After Goldman Sachs Cuts Price Target to $150

First Solar Inc., the world’s biggest maker of thin-film solar modules, sank as much as 7.8 percent after a Goldman Sachs Group Inc. analyst reduced the price target to $150 from $175.

First Solar dropped $6.12, or 5.9 percent, to $98.34 at 10:21 a.m. in Nasdaq Stock Market trading. The shares, which earlier slipped to $96.32, have declined 24 percent this year.