First Solar Results

Even if First Solar Inc (FSLR) results were good, it seems that the market changed its mind this morning.

Pre-market moves for these Solar Stocks:
FSLR -8%
ESLR -10%

First Solar continued to shine among its struggling peers, as its second-quarter profit more than doubled on higher revenue and margins, while Evergreen Solar Inc. (ESLR) swung to a wider loss amid lower pricing. Following the news, First Solar shares 4.8% to $181.95 in after-hours trading as results topped analysts' estimates. Evergreen added 7.5% to $2.20.

We are now getting the "Selling the news" phenomenon, so watch the new support prices to reenter long.
Expect heavy gaps all across the Solar Stock Sector.

Labels: Earnings, ESLR, Evergreen Solar, First Solar Inc, FSLR, Solar Stocks

posted by Ertai at 8:14 AM