This stock will be testing its 52 week low this week, probably by Friday. The fact that solar companies were downgraded plus the direction the economy is going, their is no support to hold it up.
Definitely negative on this, there is a miniature bubble emerging in solar and renewable energy shares. This company is massively overrated, with a P/E of 77.32, it is really risky. Also with the IPO of nanosolar, this should drop like a fly. Short this stock if you want, but don't long it!!!!!!! Or you will regret it
This will be my third time published here (but my 4th time with my actual trading account) that I will play the movement of FSLR. It should bounce off the $245.00 level and proceed up to the $280.00 level within the next 10 trading days. If the 280+ level is maintained for more than 4 consecutive trading days and there is a solid bounce off of the 50 day SMA I will only close out half my position and hold on for the next upswing.
I am allowing for a maximum loss of $7.00/share on this one. If it can break down to and through $240 I will close out the trade and wait for a further b...
Basically the exact opposite of the previous FSLR trade I posted which saw gains from 246.00 / share through to 281.00 in a long position. This took place over about a week and the reversal at the top has started so I am taking up a position for a 1 week short play down to the 250.00 closeout mark, for $20.00 + profit per share.
It will have similar risk-reward setups to the previous trade (obviously within the short context), so if you're interested in a layout of where I set my stops and price points as well as sliding risk management, have a read at my previous FSLR posti...
The remarkable swoon of the solar sector continues unabated.
While there remains widespread anticipation that an Obama Administration will push for an expansion of the use of alternative energy generally and solar in particular, those hopes have been overwhelmed by collapsing fundamentals in the industry. Several companies this week - including Canadian Solar (CSIQ), Suntech (STP) and Trina Solar (TSL) provided distressing guidance for the fourth quarter. The industry is being plagued by a combination of slowing demand in Europe, tight credit, collapsing prices and the strengthening dollar.
For Q3, the company posted revenue of $594.4 million and non-GAAP profits of 36 cents a share. That beat the Street estimate of $571.7 million at the top-line, but fell short of Street estimate of 42 cents at the bottom line.
But what really matters here is the outlook. For Q4, the company now sees revenue of $345 million to $360 million, dramatically below the Street consensus of $614.78 million. Suntech said it expects to be “ma
OK, so here is the weirdest story of the day. SolarWorld(SWV.F), one of the largest solar companies in Germany, today declared that they want to buy several sites in Germany that now belong to the Opel division of General Motors. In short, they want to expand from solar modules into the auto business.
As noted in an AP story picked up by the Wall Street Journal, SolarWorld said it intends to offer 1 billion Euros, including 250 million in cash and 750 million in credit lines, for four German production facilities and Opel’s development center and headquarters in Ruesselsheim.
Today was another one of those days where it was hard to tell if the market was up. The market gapped up and then posted a great morning rally, and then proceeded to give back most of the gains from noon until late in the afternoon. Housing was dismal, producer prices were down, and Bernanke and Paulson testified about the TARP usage.
If you are going to buy solar stocks, stick to the best.
That advice comes this morning from J.P. Morgan analyst Christopher Blansett, who suggests solar investors embark on a “flight to safety.” Blansett said he expects pricing for solar systems and components to drop by more than 25% in 2009, and remains “concerned about margin compression at all levels of the solar energy food chain.” He thinks investors need to focus on companies that can absorb margin compression, cut cap ex to remain cash flow positive and remain solvent “in light of the possibility of further subsidy reductions in Eu
is there a way to pick a target entry point?
- Hi,
I would like to put a bullish call on FSLR to about 335.00 but it's in a range right now and I think it's going to swing down to around 255.00 -
FSLR is a one way stock
- FSLR rallied HARD today on an upgrade. All the solars rallied basically. Our current fav is ENER. FSLR is a one way stock, meaning it usually trades ...
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About First Solar Inc.
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Today was another one of those days where it was hard to tell if the market was up. The market gapped up and then posted a great morning rally, and then proceeded to give back most of the gains from noon until late in the afternoon. Housing was dismal, producer prices were down, and Bernanke and Paulson testified about the TARP usage. 
