First Solar Upgraded (FSLR)
First Solar (Nasdaq:FSLR) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself.
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Read more at
thestreet.comLabels: First Solar, FSLR
FSLR - First Solar Stock Chart
First Solar has been one of the few bullish solar stocks in the last 5 months.
Let's see how far this will go, and if the solar sector will start to reverse the long term Bear Market.
Labels: First Solar, FSLR
First Solar, Inc. downgraded
First Solar, Inc. (Public, NASDAQ:FSLR) is down -5.4% with the following downgrade.
NEW YORK (AP) - A Citi analyst on Tuesday downgraded solar power technology company First Solar Inc. to "Hold" from "Buy" on concerns over inventory supply and future demand.
Analyst Timothy Arcuri said Tempe, Ariz.-based First Solar is the best positioned company in the solar sector in the long run. However, its stock has rallied 60 percent from recent lows. That, combined with inventory and demand concerns, justify its new "Hold" rating, the analyst said.
Arcuri said he expects the sector as a whole to face demand challenges into 2010. Despite the recent rally of solar stocks on a pending government stimulus bill and First Solar's pipeline of sizable utility-scale deals, Arcuri said that incremental demand from the bill will draw from only 20 percent of the excess cell and module supply in 2009 and up to 40 percent of that supply in 2010.
Labels: downgrade, First Solar, First Solar Inc, FSLR, Solar Stocks
First Solar (FSLR) Shining as OPEC Plans Another Production Cut
Shares of First Solar (Nasdaq: FSLR) are trading substantially higher today despite no company-specific news. The stock is currently up 11.75% to $141.28. Notably, First Solar's stock price is up more than 66% since November 20, when the stock hit a new 52-week low at $85.28.
The stock -- and the entire solar sector -- may be seeing upside today on the back of comments out of OPEC that it will cut daily oil production by an unprecedented 2.2 million barrels a day. With crude plummeting from all-time highs over the last few months, OPEC is beginning to look desperately for ways to control the price of a barrel of crude oil. Today's announced cut will be the largest reduction in production in OPEC's history.
Despite the clearly bullish news, crude oil is down nearly 4% today, once again approaching the $40 level.
Source:
http://www.streetinsider.com/Corporate+News/First+Solar+(FSLR)+Shining+as+OPEC+Plans+Another+Production+Cut/4247144.htmlLabels: First Solar, FSLR
First Solar (FSLR) NewsBite - FSLR Lower on Suntech Power Holdings(STP) Downgrade
Suntech Power was downgraded to "hold", the rest of the solar stock sector is going down, while the S&P500 is bouncing around...
First Solar (NasdaqNM: FSLR) opened at $127.08. So far today, the stock has hit a low of $125.55 and a high of $128.40. FSLR is now trading at $127.47, down $7.37 (-5.47%). Over the last 52 weeks the stock has ranged from a low of $85.28 to a high of $317.00. FSLR shares are declining this morning, under pressure after a Jesup & Lamont analyst downgraded fellow solar stock Suntech Power (STP) to "Hold" from "Buy." Technical indicators for the stock are bullish and S&P gives FSLR a positive 4 STARS (out of 5) buy ranking.
Labels: First Solar, FSLR, ntech Power, solarstocks, STP
SolarStocks on up swing
Solar Energy Stocks started showing some reversal signals yesterday and are confirming today the up swing for the short-term.
FSLR is moving ahead almost 6% followed by SOLF, CSIQ and SPWR.
Expect some upward moves for the next days, here are some charts:
First Solar (FSLR)
SunPower Corp. (SPWR)
And the Solar ETF: Claymore/MAC Global Solar Index (TAN)
Showing some reversal signs.
Labels: Bullish, CSIQ, First Solar, FSLR, SOLF, SPWR, SunPower Corp, TAN
ARGUS Upgrades First Solar (FSLR)
ARGUS upgrades First Solar Inc. (Nasdaq: FSLR) from Hold to Buy. Price target $292.
ARGUS analyst says, "FSLR has benefited from very positive industry trends as well as from near-flawless execution of management's business plan. While the shares are likely to remain very volatile, a pullback of more than 10% since our downgrade to HOLD at the beginning of April has improved the valuation proposition. More importantly, legislative trends for solar subsidies have been less negative than originally feared. In addition, the company has yet to garner the benefits of its recent expansion of manufacturing operations to Malaysia. We anticipate only a modest uptick in sales and margins."
First Solar, Inc. designs and manufactures solar modules using a thin film semiconductor technology.
Labels: First Solar, FSLR
Serbia Builds First Solar Energy Plant
Serbia's first solar power plant will be built on a municipal building in Belgrade's smallest district, local media report.
The project will cost Serbia some 300,000 euros, and will be the country's first taste of energy production from renewable sources.
The first solar cells will be installed on 110 square metres of the roof of Vracar municipal building in Belgrade, and will produce 1,000 kilowatts a month. Installation should be complete by September.
The project is a joint enterprise by Vracar municipality and the Belgrade Electro-technical Faculty.
"Modern civilisation is definitely going through an energy crisis and one of the ways of facing it is what we've started here," Faculty lecturer Nikola Rajkovic said.
Source:
linkLabels: First Solar, Solar Plant, Solar power
First Solar (FSLR) Sell out?
More bearish news on
FSLR, but don't jump out of the boat yet:
More Bad News For First Solar (FSLR) et al: GE Sees $1B Business in 3 Years (GE, FSLR)
GE-logo(Blue-PMS7455).jpgGeneral Electric's (GE) nascent solar business now grosses only $100 million, but GE expects this to grow to $1 billion within three years.
This is a pittance compared to GE's $173 billion of revenue last year, but it would rapidly put the conglomerate in the same league as First Solar (FSLR) et al. First Solar grossed $634 million last year and is projected to generate a shade over $1 billion this year.
Like Google was specialized in the search engine niche, and Microsoft couldn't touch it, any big company competing in a niche with a smaller but already established company will probably fail. Plenty of examples in the last century, and GE isn't any different.
and some other comments:
``First Solar is the leader in this industry and I'm not going to miss this growth story like I did with Microsoft,'' Lutts said. ``Despite some short-term negatives, First Solar has a huge advantage over other producers and I view them as a long- term buy.''
First Solar
could be the "Thin Film Cells Microsoft", since its the only real company with a huge step ahead in this kind of technology. And considering the cost of silicon based solar cells, I still think that thin film solar cells will invade every conceivable sunny surface in the future. Paper cheap and reliable, in the long term the Bull is unscathed.
When every news media, blog and even CEO starts publicly dumping the stock, it might be the right time not to do so.
The chart still looks bullish to me, at least until we close below Thursday's low:
I would expect a fake break-down here. More updates soon...
Labels: First Solar, FSLR, GE
Jim Cramer Bullish on First Solar
First Solar, Inc. (NDAQ: FSLR) shares edged higher in pre-market trading after CNBC's Jim Cramer revealed his bullish sentiment on the stock Monday. The solar manufacturer is admitedly one of the most expensive stocks in the industry, but the television star believes that earnings momentum will continue to propel its lofty valuation. However, Cramer recommended that investors wait to get in at a lower price.
http://investerms.com/top_news/375.html
Labels: Bullish, Cramer, First Solar, FSLR, Jim Cramer, solar
First Solar Inc (NASDAQ: FSLR)
First Solar's earnings are coming up next week, 30th April, and so far as been one of the few solar stocks that recovered from the Bear Rally since the beginning of the year.
Presently near historical highs, this title might suffer some corrections even if the earnings results are stellar. I just hope that the stock doesn't make a big gap in any direction but instead keep the steady movement up.
Labels: Earnings, First Solar, First Solar Inc, FSLR, stock
