This is typical head fake by hedgies to try and get the price lower before they cover. FSLR beat the street and is going to soar tomorrow.
Sentiment: Strong Buy
revenues $1.08B vs $660M.. earnings profit of $154M vs $413M loss.. come on that is fantastic.. guided .70 - .90 vs .89 and guided $750M revenues vs $827 so it is Wall Street manipulated estimates as FSLR is back to making money.. after hour buyers could be rewarded in the morning?
terrible QoQ growth. only 60%+ just terrible. and they only added 300 MILLION $$$$$ to reserves. just plain terrible !!!! 1 billion cash , 60 million shares, of which 19 million are short. i would short the stock here. i would wait for 50.00
FSLR's GM is 27.3%. 18.7% CdTe cell efficiency is quite amazing too.
Chinese YGE's GM is negative 8% to 8.5%, with Debt/Equity around 300%.
The difference is so hugh. Why FSLR only worth around $30/share while book value is above $40/share now?.
Yes - quick ! Suck all of the equity out of your house immediately and max out your credits and buy as much as you can AH before the downgrades come out in the morning . Let us know how it works for you.