Solar Panel SALES►DROPPING FAST Due to Worldwide GLUT,Subsidies CUT!
Fslr is a horribly run company which had problems so deep, the CEO knew to dump all his shares and quit.
He knew to make the power plant new business plan work, he would need money and that had to equal 1 thing a secondary placement.
Go look at class actions past post on FSLR in last 30 days, I told you 24-26 for sure and then 18
I'm even more bearish on them now, 7-9 is possible here.
Do not lump all solar together, 3 chinese solar companies are doing good and taking share. STP is the largest and the best and grabbing the largest market share. Selling and installing the most panels while building the strongest reputation. No other solar companies can keep up, especially not FSLR or the other USA co. owned by an oil company as a toy project.
50% of fslr short from here would not surprise me. No good news and a Mountain of bad is just very very bad.