FSLR - First Solar (NASDAQ Stock)

[WashInLux]

Alright y'all. FSLR has had an incredible run. It's looking pretty overhyped and overvalued at this point. Growth looks good but multiple is out of control at current price (closed today at 104.54). Forward p/e is a little better but still way high. Hmmm, time to buy puts? I've never actually bought puts or got short before. This looks like a good candidate.

[greencat]

FSLR may be getting ready to break out. I know its expensive at these levels. Options may be preferred to offset the PPS

[Ray The Money Man]

I am surprised more retail traders have not moved into FSLR. It is the best of breed in the sector, I think they are the only solar company that has showed a profit without government subsidies.

[greencat]

First Solar to Supply 27 Megawatts of Solar Modules to Juwi for U.S. Utility InstallationsLast update: 9/17/2009 8:00:09 AMTEMPE, Ariz., Sep 17, 2009 (BUSINESS WIRE) -- First Solar Inc. (FSLR) today announced that it has been selected by Colorado-based developer and EPC contractor juwi solar Inc., a subsidiary of juwi Holding AG, to supply solar modules for two U.S. projects. These projects represent new supply orders and do not fall within the existing long-term framework agreement between First Solar and juwi solar GmbH. The projects include a 15 megawatt (MW) (DC) installation for the Jacksonville Electric Authority (JEA), the eighth largest community-owned electric utility in the U.S. First Solar will also supply another 12MW (DC) for juwi solar Inc.'s project with American Electric Power in Ohio. The two installations are expected to begin construction in the fourth quarter of 2009 and to be completed before the end of 2010. "First Solar's modules are a cost effective solution for utility scale installations, making them an ideal fit for these projects," said Bruce Sohn, First Solar president. "Together with our valued customer juwi solar, we are addressing the nation's clean energy needs." "We are very encouraged that First Solar is supplying its proven and financeable modules for these initial U.S. utility-scale projects developed by juwi solar. We expect that our strong relationship with First Solar will be an important element toward the expansion of solar power in the United States," said Michael Martin, managing director of juwi solar Inc. About First Solar First Solar, Inc. (FSLR) is changing the way the world is powered by creating truly sustainable solar energy solutions. First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV system solutions. By constantly decreasing manufacturing costs, First Solar is creating an affordable and environmentally responsible alternative to fossil-fuel generation. First Solar modules are most effective when demand for traditional forms of energy is at its peak. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first prefunded, comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit , or to download photos. For First Solar Investors This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. SOURCE: First Solar Inc.

[BadThad]

Down HUGE, this could be an awesome bounce play as it's grossly over-sold:

Current stock price: $126.47 (down 16.57%)

[BadThad]

The beatdown seems to be leveling out toward a bottom, current stock price $122.46.

[BadThad]

This could break the stock out:

(Reuters) - First Solar Inc forecast higher-than-expected 2011 profit as its sales continue to rise, and said it had sold a planned Arizona solar plant to power company NRG Energy.



First Solar forecast tops Wall Street, sells plant | Reuters

[BadThad]

More:

First Solar, Inc. Issues FY 2011 Guidance; Revenue And EPS Guidance Above Analysts' Estimates
4:01pm EST
First Solar, Inc. announced that for fiscal 2011, it forecasts net sales in the range of $3.7-$3.9 billion, earnings per share (EPS) in the range of $8.75-$9.50 and consolidated operating income (EBIT) in the range of $875-$975 million. The net sales forecast is comprised of $2.8 to $2.9 billion of module sales and $0.9 to $1.0 billion of EPC/project development sales. According to Reuters Estimates, analysts were expecting the Company to report revenue of $3.6 billion, EPS of $8.51 and EBIT of $880 million for fiscal 2011. - - - - - (repeated)

The top end of $975 million blows away the analysts at $880.

[BadThad]

$136.87 this morning, up almost 2%

[acinvestor]

The stock price has been moving in a small consolidation range and is now close to the $47 resistance level. ADX is beginning to move up again and this coincides with the gain in momentum. MACD indicator has moved above its signal line and stochastic chart is still in bullish territory. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $40. The stock is a short squeeze candidate.

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