In an article over at Bloomberg, it was announced that First Solar (FSLR) will begin incorporating record breaking thin film solar cell technology into its manufacturing process next quarter in order to better compete with its Chinese rivals. The company developed a cell that can convert at 17.3% and they believe they can get 15.3% from these cells in mass production. That’s quite a jump from the 11.7% efficiency the company has been averaging. … Read the rest
Tag Archives: first solar
Mark Bachman At Avian Securities: Solar Train Wreck Almost Over – Top Picks YGE, JKS, FSLR, DQ
About two weeks ago Mark Bachman of Avian Securities sent out a research report indicating that the train wreck taking place in the solar industry appears to be almost over and that he’s backing off his negative industry view a bit.
The recommended trading strategy is to focus on the best solar stocks with an intent to sell in Q4. You could call it trading an oversold bounce. The firm notes that it’s not recommending … Read the rest
Top Exec Meyerhoff Leaves First Solar (FSLR), Goldman & Auriga Slightly Less Bullish
Tough day for First Solar (FSLR). News hit last night that former CFO and current utilities head Jens Meyerhoff is leaving the company at the end of September and the company was downgraded twice. Shares closed below the key $100 level today.
"Over the past five and a half years I had the privilege to be part of building the leading franchise in the PV solar industry. I am very proud of what we have … Read the rest
First Solar (FSLR) Sees Green On Desert Sunlight Approval, Jefferies Upgrade
Despite more carnage in the overall market today, shares of First Solar (FSLR) managed to find its way into the green column, aided by news that Interior Secretary Ken Salazar approved the 550MW Desert Sunlight solar farm which would be the largest solar plant ever constructed on public land. First Solar said the approval is a major milestone and clears the way for construction to begin this month just east of Palm Springs. The plant … Read the rest
First Solar (FSLR) Awarded All DOE Loans, The Bottom Is In
A couple days ago, shares of First Solar (FSLR) first indicated that a possible bottom to the correction was in place. Jefferies came out with cautious comments but also indicated that there was significant upside potential and traders bid up the stock. I mentioned the move could be a catalyst for a surge above the 50 day moving average. That was the case yesterday with the stock closing above the 50 day moving average for … Read the rest
Traders Bid Up First Solar (FSLR) Despite Mixed Jefferies Comments
Shares of First Solar (FSLR) continue to hang in around the $120 level and today got a much needed jolt higher above that level with volume. The move is a little surprising considering Jefferies came out with cautious comments on the company saying they believe they will lower guidance when they report earnings in August. Jefferies lowered Q2 estimates from $.94 to $.90 (below consensus of $1.00).
Jim Chanos At It Again, Bashing Green Energy: First Solar (FSLR) & Vestas Wind Systems (VWSYF)
Jim Chanos has been increasingly vocal about his bearishness on green energy, particularly solar. In April he was quite vocal about his short interest and the issues at First Solar (FSLR). According to the WSJ, he also highlighted Vestas Wind Systems (VWSYF) as a company that could go much lower. Both stocks continued lower today with First Solar taking out another key support area around the $120 level.
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Barrons: Axiom Capital Changes Tune On First Solar (FSLR) DOE Funding
Axiom Capital who has long been bearish on First Solar (FSLR) and wrote last week that there was little chance of FSLR getting funding from the DOE for its large solar project is now changing its tune a bit. According to Barron’s the firm now believes, after checks with the DOE, that there are enough funds left for renewable energy projects and FSLR has a good chance of getting funding for its large project, but … Read the rest
First Solar (FSLR) Expands China Presence With China Power Deal
First Solar (FSLR) announced a deal today that will help expand its presence in China by partnering with China Power International. The two companies will not only collaborate on projects in China but in other markets as well, such as the US.
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“First Solar is very pleased to be expanding our commercial presence in China by establishing this relationship with CPINE, one of the premier clean … Read the rest
Suntech Power (STP) & First Solar (FSLR) Warn Of Lower Demand, Falling Solar Prices Due To European Cuts
It’s a good day for JA Solar (JASO) but for solar as a whole, it’s not a great day. Much of that has to do with reports filed by Suntech Power (STP) and First Solar Inc. (FSLR) (two the world’s largest solar companies), warning about the potential for a significant hit to demand for solar and falling prices due to Europe government subsidy cuts. With Europe accounting for 80% of solar demand, the cuts could … Read the rest