Shares of solar specialist First Solar (FSLR: sentiment, chart, options) surged more than 13% today, as investors were caught up in the late-session buying spree that swept across Wall Street. The shares came under fire earlier in the day, after Barclays cut its price target on the shares from $180 to $140 per share. The brokerage firm maintained its "overweight rating.

Checking in with the analyst community reveals that FSLR could see more target cuts on the horizon. Specifically, Thomson Financial reports that the average 12-month price target for the stock rests at $197.18 per share - a 57% premium to the stock's closing price of $125.31 this afternoon.

Technically speaking, today's rally pushed FSLR back above potential support at the 125 level, but the shares are still trading below resistance at their 10-day and 20-day moving averages. Furthermore, the stock remains range-bound between support in the 110 area and overhead resistance in the 150 region.