Tag Archives: first solar

Solar Stocks Soar On First Solar (FSLR) Guidance

It’s been a volatile few months for solar stocks which saw a big surge off the bottom late last year only to retest those lows recently.  Today, solar stocks get a spark in positive guidance from First Solar (FSLR) which posted much better than expected guidance, but it remains to be seen if they catch fire again.  It’s too soon to begin calling another bottom in solar stocks, but today’s buy interest/short squeeze definitely means … Read the rest

Can It Get Any Worse For First Solar (FSLR)?

I’ve been traveling in Panama, so have some earnings reports to catch up on.  First Solar (FSLR) reported after the bell on Tuesday and it wasn’t pretty.  The company missed badly on a non GAAP basis in addition to reporting a hefty one time loss which included $125 million for faulty panels produced a few years ago.  The company reported a non GAAP EPS of $1.26/share vs the analyst estimate  for $1.53 on revenue of … Read the rest

First Solar (FSLR) Approaching All Time Lows After Slashing Guidance, Announcing Lay Offs & CFO Departure

Just when you think it couldn’t get any worse for First Solar (FSLR)… well it does and the stock is rapidly closing in all time lows not seen since the stock went public about five years ago.  The stock is down more than 20% and around the lows of the day after the company announced it’s slashing guidance for this year and next, laying off 1% of its work force and the departure of another … Read the rest

Warren Buffett Makes Big Solar Bet With $2B Topaz Purchase From First Solar (FSLR), Is The Bottom In?

It’s been a dismal year for green energy and solar stocks in particular.  Overcapacity, lower demand, shrinking selling prices and plummeting stocks has been the theme all year.  Investors and shorter term traders are looking for big news to spark a rally in solar and news that Warren Buffett is jumping headfirst into solar with a big $2 billion acquisition of the 550MW Topaz Solar Farm being built by First Solar (FSLR) may just be … Read the rest

First Solar (FSLR) Conference Call Highlights

Barron’s has a good post outlining some of the highlights of the First Solar (FSLR) conference call last night.  Here’s a brief summary, but check out the article.

Ahearn acknowledged that the future for solar in the shorter term isn’t as bright as he hoped it would be, but there is lots of opportunity.  That opportunity is apparent in China where it will have to get a healthy supply of electricity from renewable sources if … Read the rest

First Solar (FSLR) Delays Vietnam Plant, Announces Improved Efficiencies

First Solar (FSLR) is up a bit in after hours trading after the company announced that it will hold off on commissioning its Vietnam plant until global demand improves.  Instead they will continue developing their factory in Mesa, AZ in order to supply modules for the Agua Caliente, Desert Sunlight, Antelope Valley and Topaz projects. 

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The company continues to invest in R&D in order to … Read the rest

First Solar (FSLR) Surprise Earnings Report: Misses Estimates, Poor Guidance But It’s Been Expected

First Solar (FSLR) is full of surprises these days.  Yesterday, the CEO abruptly left and this morning the company decided to ease fears a bit with a surprise earnings report ahead of schedule.  The company was expected to report next week and will keep the conference call at the original date of Nov 3rd.

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The earnings report this morning could really be summed up as … Read the rest

First Solar (FSLR) Bloodbath Continues As CEO Steps Down

The bloodbath in shares of US solar leader First Solar (FSLR) continued today as news that CEO Rob Gillette is out hit the Street and shares fell off a cliff mid day, ultimately ending down 25%.  It’s the lowest point for the stock since early 2007.  Ouch.

=== > Click Here For Your FREE First Solar Analysis

Former CEO and current Chairmen Mike Ahearn will step in at CEO until a permanent replacement is found.  … Read the rest

Ticonderoga Cuts First Solar (FSLR) To Sell $40PT As Germany Solar Rally Not Materialzing

First Solar (FSLR) has been in a vicious slide and it’s not getting any better this morning with Ticonderoga’s Paul Leming cutting the stock to Sell from Neutral and slashing the price target from $117 to $40.  The stock was down over 6% yesterday and another 3% in premarket trading.  The call is a bit late don’t you think Paul?

Leming made the call because he sees an acceleration to the downside in both pricing … Read the rest

First Solar (FSLR) Plunges Again On DOE Loan Deadline Miss For Topaz

It seems a bit ridiculous, but rules are rules I suppose.  First Solar (FSLR) may miss out on a big DOE loan guarantee for its Topaz Solar Farm because they won’t get all the paper work and requirements completed by the September 30th deadline.  The government approved the conditional loan June 30th, but it didn’t give FSLR enough time.  Yet another major misstep in Obama’s green energy initiatives to go along with the Solyndra disaster.  … Read the rest