You need to remember that the market is usually looking 6-9 months into the future and the news is not the same as when the stock was trading at $23. The news is that the shorts have begun to cover their positions due to the chart breakout that is based on the anticipation that clean energy under Obama's second term will get a boost. The stock was being "held down" due to chart aspects and now it is no longer being held down. That means an uptrend has begun expecting that companies like FSLR will get additional support.
Thanx. This explanation seems to me grounded. But why the bad news. Today FSLR was attachet by the street, the forms and the fool (they conclude: Putting the pieces together
Today, First Solar has few of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy -- or to stay away from a stock that's going nowhere.). And the so called experts did not change the price target.
short covering is going to accelerate into the end of the year in a big way imo. There are many smart shorts sitting on large long term gains that are likely to be get eaten away by higher 2013 cap gain taxes big time unless they cover very soon. the tax man cometh.