10 day quiet period over today. First Solar headed north.
Investors can pick up the stock today for less than what institutions paid at the secondary price. Additionally, investors can expect a slew of research reports from underwriters J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, Citigroup Global Markets Inc. Credit Suisse, HSBC, Credit Agricole CIB, and Goldman, Sachs & Co. as the 10-day post-secondary offering "quiet period" ends today.
Expect to see more "buy" recommendations as early as Monday morning, especially with so many critical accounts sitting on losing stock.
The company's cash position increased from $842 million to more than $1.27 billion, which works out to $1.27 billion in cash or $1.51 per share on the new count.
FSLR's inventory levels are dropping which is a great sign.
With more than 20% of the company's float (stock available for trading) sold short, combined with a strong possibility that a wave of positive brokerage coverage is coming, FSLR is in great shape. $84 price target.
The 10 day quiet period was over yesterday, so underwriters can now trumpet, and the 30 day option exercise period ends july 12th. You do not want to be short after july 12th! I highly recommend initiating long positions with conviction (big position) now, and adding to it once you see support levels with high volume above $46.