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SAN FRANCISCO (MarketWatch) -- Shares of alternative energy company First Solar Inc. rose 4.6% on Wednesday, topping S&P 500 stocks, on the heels of a ratings upgrade. Analysts at Raymond James lifted their ratings on First Solar to market perform from underperform as part of a sector upgrade. Most solar stocks are down recently, but the weakness is a "sign of more rational trading," and the downside is limited, the Raymond James analysts said. The company also upgraded to market perform SunPower Corp. , U.S.-listed shares of Suntech Power Holdings , and U.S-listed shares of Trina Solar Ltd. .

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