… Read the restMSN Money reports that on Thursday, Robert W. Stone, an analyst from Cowen and Co, released a report providing an upbeat analysis for solar energy stocks. Assuming a investment tax credit in the US for solar power, as well increased participation from utilities and the states, demand for solar should climb from 6 gigawatts in 2008 to 14 gigawatts in 2010. He also expects use of solar power to grow in Italy and France, and
Tag Archives: first solar
Walmart Heir Sells a Significant Portion of Stock in First Solar (FSLR)
According to Clusterstock.com, JCL Holdings sold 1.4 million shares of stock in First Solar during the month of August. JCL Holdings is affiliated with Walmart heir John T. Walton, one of the founding investors in First Solar. Should First Solar stockholders be worried? Probably not. JCL Holdings still has 10.7 million shares, while Walton himself controls 23 million shares.
First Solar’s stock has risen to 14x what is was when the company went public, so … Read the rest
First Solar (FSLR) Options ‘Cheap’
Adam from The Daily Options Report writes: “FSLR feels particularly enticing. Options are very cheap by FSLR standards. Which makes some degree of sense when you consider that the stock has settled into a range. But some interesting things here. It’s basically moving with the whole energy/ag/mining space right now. And has dribbled right back the to 200 Day MA. Not terribly likely it just settles in peacefully around here this week without some degree … Read the rest
JCL Holdings Cashing Out On First Solar (FSLR)
Over the past week or so JCL Holdings, which owns around 15% of the company has been cashing out tens of millions in First Solar (FSLR) shares. I don’t think it’s too unusual for a company to want to take some profits on a great investment at this point, but additional insider selling should be watched closely. It most certainly has been a drag on the stock, which has been pushing down from the day … Read the rest
Zacks Rate First Solar (FSLR) #1 And Top-Rated Alternative Energy Company.
First Solar recently announced second-quarter revenue of $267 million which is more than 3 times its revenue from second quarter 2007. According to Zacks its a top rated alternative energy company. Its stocks have recently traded sideways and is consolidating with key levels of resistance at $290.00… Read the rest
First Solar (FSLR) Blows Out Estimates, Surges After Hours
First Solar (FSLR) blew away lofty estimates after the bell today and the stock surged nearly 10% after hours. ClusterStock has a great live analysis of the earnings.
EPS came in at .85 vs the estimate of .58 while revenue was equally impressive at 267 million vs estimates that called for 217 million. Gross margins also surged to more than 54%.
I fully anticipate a breakout move in the stock tomorrow, potentially closing in on … Read the rest
First Solar (FSLR) Building 10MW Plant for Sempra Energy
First Solar (FSLR), the thin film module maker came out with news this morning that it’s building a 10MW solar plant in Nevada for Sempra Energy with construction already under way and expected to be completed by the end of the year. Sempra will own and operate it upon completion.
As the rest of the solar plays get hit today, FSLR is trading up nearly 3% (the only solar stock up today) and continues to … Read the rest
First Solar (FSLR) Announces 2 Edison Solar Projects
Southern California Edison selected First Solar (FSLR) to engineer and supply the PV power plant system for a 2 MW project to be installed atop a commercial building. SCE plans to do 250 installations atop commercial buildings over the next 5 years which is the largest rooftop solar program ever proposed by a US utility.
In addition, the California Public Utilities Commission approved the project terms of a 20 year power purchase agreement between FSLR … Read the rest
Caris & Co Initiates Coverage on FSLR, WFR, SPWR, ESLR
According to StreetInsider.com, Caris & Co have initiated coverage of a few solar names:
* Initiated coverage of First Solar (FSLR) with a buy and $350 price target
* Initiated coverage of MEMC Electronic (WFR) with Above Avg and $100 target
* Initiated coverage of SunPower (SPWR) with an Above Average and price target of $80
* Initiated coverage of Evergreen Solar (ESLR) with Above Average and price target of $11… Read the rest