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First Solar Stocks Went Wild

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Chicken Farmer

  • 5536
  • L. A. N. Y.
First Solar Stocks Went Wild
« on: April 09, 2013, 03:17:27 PM »
Sole US survivor of the big solar panel manufactuer's stock went up 45% today:

http://blogs.barrons.com/techtraderdaily/2013/04/09/fslr-halted-soars-43-fellow-solars-jump-on-forecast/?mod=yahoobarrons

I was predicting their demise due to global glut of solar panels induced by China.

Obviously, the Market thinks otherwise.

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Chicken Farmer

  • 5536
  • L. A. N. Y.
Re: First Solar Stocks Went Wild
« Reply #1 on: April 10, 2013, 11:17:58 AM »
As I am still scratching my head how this solar company could garner so much enthusiasm in face of imminent panel market collapse, the stock just lost some lustre, and gave back 7% of the gains quickly:

http://blogs.marketwatch.com/energy-ticker/2013/04/10/analysts-pick-apart-first-solars-rally-huge-overreaction-to-guidance/

http://blogs.barrons.com/emergingmarketsdaily/2013/04/10/first-solar-comes-too-far-too-fast-jinko-misses-earnings/?mod=yahoobarrons

This shows that unless you are "in the know", trading on renewables companies could be a bit risky.

I just realized that First Solar does not make money solely from solar panel manufacturing.  It's big on giant solar projects and got a huge fleet of solar farms.  Accordingly, their profitability is not determined by energy or energy product production, but more by extend of lobbying success for govt. assistance.  Again, it pays to be "in the know".

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Berkeley

Re: First Solar Stocks Went Wild
« Reply #2 on: April 10, 2013, 12:14:53 PM »
Trading every kind of stock is risky. Always.

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shinobi

  • 4201
Re: First Solar Stocks Went Wild
« Reply #3 on: April 10, 2013, 01:15:37 PM »
Trading every kind of stock is risky. Always.

+1000!!

Ya got that one spot on, Berk.