From today's press release about Obama attending the commissioning of the solar plant:
"At FPL’s DeSoto Next Generation Solar Energy Center, the President announced that FPL was awarded $200 million in Recovery Act funds to invest in a stronger, smarter, cleaner and more efficient electrical grid, as part of his Administration’s $3.4 billion commitment to spurring the transition to the Smart Grid."
The largest grant under this program is 200 million. FPL scooped the maximum pork available. 200 million is almost 50 cents per share....and the lemmings panicked this morning over a 3 cent miss.
I agree with you. Everyone is over looking that news a focusing on the small miss on the earnings. To me that news trumps the earnings and is a fantastic positive for the company. Once this overreaction is done it will go up quick.