..the heard panics and overreacts. Really, who thought these margins were going to continue as Solar matured ? Those that didn't pay attention got pinched for overpaying. Groupon, LinkedIn, Google, and Apple are all up next.
This company is still projecting EARNINGS and if their worst case guidance materializes it will still be 10% Net Margin which is still quite healthy in the 21st century.
The name First Solar is commensurate with being one of the First in the modern solar era. As typical the First entries tend to get fat margins and then the pie gets sliced up. None of this should be a shock or surprise to anyone.
BTW... the guidance is quickly being suspected as a one time super hit instead of little bruises along the way. They have set themselves up for future beats instead of perpetual misses because they wanted to soften the blow now. Like a band-aid, rip it off and be done with it.