Fuel Tech: Swing and a miss.
Capstone and LDK are reporting after the close. Regarding LDK, we have had a couple more additions to our "The Market Yawns" pattern. As we said a month ago in "Evergreen Solar Q2 In Line, But Shrs Fall On Light Outlook (ESLR)": "A trend is emerging."...
That was after TWO reports. Followed by this the day before First Solar reported: "First Solar to Beat and Raise, Market Yawns (FSLR)":
...Remember that we have seen three reports* that were followed by downticks and believe it is the new trend in solar. "Evergreen Solar Q2 In Line, But Shrs Fall On Light Outlook (ESLR)"
ESLR- in line
MEMC- swing and a miss.
All three down. As grandmother used to say "Secular bear markets aren't just about declines [although they can be doozies], they're also about multiple contraction."
"Grandma, what's a doozie?"...
Yingli reported a triple in earnings and raised their forecast. The stock closed the night before the release (the 5th) at $16.99. It close Friday at $14.61 down 14% since the release. First Solar closed up $0.03 (+0.01%) after their release (how's that for a yawn!) and is down $27.16 since.