Here is why Solar industry will continue going higher. Only reason India and China doing well on such ambigious target on climate control:- Solar and Wind Energy now cost same and some cases lower than fossil energy. This is key because that mean Govt support is no longer required.
Solar panel will show up all most all places. Car body will cover with Solar panel. Invest in solar while they still very low. Govt protection or no Govt protection, Strong Solar companies will thrive and lead market.
Opinion | China and India Make Big Strides on Climate Change
Progress by two of the world’s top greenhouse gas producers is a huge lesson for the United States.
Jump 25 cents up after hour. Very nice.
I don't see any reason why this is not a $40 stock ... can you?
Analyst downgrade does not make sense. He says need to see operating margin on Series 6. Now They already said it will way better than series 4. So there is no risk on operating margin.
Main risk is migration and they executing very well there. Other risk Oversupply will take care itself. Chinese wage are raising quickly and govt subsidy going away and so Many oversupply issue will resolve because manufacturer won't able to afford low price. Also installation growth mean there isn't much spare panel left from previous batches so as manufacturing dry up ( or company can't afford to sell cheap) and price stabilize and recover quickly.
This is best industry to invest. While I can't predict how long oversupply issue will hang on, Strong companies which survive it will do great as that resolved.
I am not going to invest based on Govt protection but that can bring bigger spike in short term as well. That is risk with shorting any Solar industry as well and so smart short will cover before we get closer on that front.
I think some shorts took the opportunity to cover with this dip. I expect the short % to show a drastic reduction next time those numbers are published
Overreaction here... good time to load up some more...
The problem is not Trump with solar.. there was a little bit of oversupply but that seems to be in the rear mirror now...
Looks like market is going to pull back a bit, stay long. Patience, whatever goes down - it comes back!!
I'd hate to be those guys who shed their shares this morning. They got played.
FSLR isn't one to trade at this point - it's one to own and keep adding to. We are at the beginning of a multi-year up-swell to $120 in 24 months.
Who says FSLR isn't poised for potentially massive upward movement? google aw-esomeSTOCKS - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
It's risky to short this stock...
Yahoo! Finance shows...
36.91 1.93 (5.53%) After hours: 4:00PM EDT
Next stop $40...
Is it still hard to see $38?
For solar industry, Trump trouble is good thing. two reason 1.> Trump will try to play populist politics which is only way to resist (Support Domestic production is best way to play so expect quicker decision on recent application to not allow cheap foreign solar panel.) 2.> Trump energy agenda will take back seat as it can't do much other than few executive order since he need congress support.
Also in order to win some additional support, he might support global warming real camp. After all majority of republican agree so it does not lose huge support base (Except key Ohio and PA area who want coal job). When you have house on fire, who think about future... You first has to put it out.
It might even push solar plants in those state and claim it's better jobs than messy coal.
Is Tesla new Solar Roof product a good or a bad thing for FSLR?
The solar market is dead with trump as president and the GOP "all in for fossil fuels" If Hillary won you would all be bathing in cash.