JMP securities downgraded there already Underperform rating of FSLR from $31 to $25 on March 15th, 2017.
Then on April 27th upgraded FSLR to Market Perform.
Then yesturday upgraded FSLR to Market Outperform.
Don't be greedy - don't sell now ... It has just started .. if you have been patient enough during down time, you need to have same discipline during up - let it rise. Patience will pay you handsome money!! Go Longs!!
This stock is still very much undervalued. The entire world is heading for more and more solar as the solar technology keep improving and cost down. People are pushing forward to a cleaner world as the goal. Dodge Bank reaffirms FSLR's target price of $46.
We are seeing a drastic drop in Short interest. I think shorts will continue to cover shares at current rates for the next 4 weeks and we will see mid 40s real soon.
Some small potatoes profit takers but it's still trending upward... $40 is coming up... it's insane to short this stock now...
Remember that idiot from Axiom Capital who downgraded FSLR on 2-28 saying it was going to 21. The stock goes under 26. Then he turns around and upgrades it on 5-3 saying it could trade north of the 70's in the the couple years and its near term fair value is 43. Who do you think he is working for? Very little has changed in this company's business except they have executed on what they said they were going to do. If you are still short, the news flow tide has now reversed. Traders jump in today because IBD points out a buy point at 37.77 and you could see trades from the open trying to get in ahead of it. Probably is going to 43 where we will see ding #$%$ at Axiom downgrade it again. Just hold on to the stock. They will have over $2 billion in cash at the end of the year and be tooled up to start producing highly competitive products (even against Chinese). Oh and the shorts will have to deal with them selling 8Point3 and a power plant which will add more cash to their pile.
No debt, lots of cash, FSLR is the world leader in solar energy, I think the Pope effect has started the Run-up Engine!
It will get back to $40...
there is no news - fslr is having new product problems seems shortable
rebound confirmed. Today closed at $38.90 which is above the last high $37.90 and 200EMA $35.80
A great day so far...
Harry Boxer has posted his Charts of the Day video on FSLR at TheTechTrader site noting: First Solar, Inc. (FSLR) did great on Wednesday, jumping 2.43, or 6.66%, to 38.90, on 5.2 million shares traded. That’s the best volume on an up-day in a couple of weeks. On a breakout day, it moved above the February high and into the gap created by the big down move in early November. At this point, it looks like it has a shot at getting it into the 42-3 range on a short-term basis.
I've said all along - It's a $60 stock. EASY. I'd be buying here, not selling. GLTA
SHORT RATIO SHOWS 25%!? Could that be right?
Today is more than a great day... $40 is near as predicted... that's no brainer... the question now is ... can we get to $45?
I am waiting for FSLR to break $37.90 today
05/23/2017 -- I see a gravestone doji candlestick pattern, despite awkward inflated prices in after-hours trading...I suspect some indecision and a Wednesday reversal down to the upper 35s range before this strongly uptrends again.