Tuesday, August 26, 2008

Green on the Screen-Earnings Heads Up: GT Solar (SOLR)

GT Solar was the little IPO that couldn't. After being priced at $16.50 the stock immediately went to a discount, trading as low as $9.30 on its second day as a public company (-43.6% Ouch). At that point the first responder attorney corps stepped up to, well, you know. The stock has been clawing its way back and was recently trading at $13.79 up 24 cents. On a day when the solars are in the red, from -0.79% for ENER to -7.51% for TSL.

Why the enthusiasm for the busted IPO? Today they issue their first earnings report as a public company. If you are one of the attorneys attempting to certify your case as a class action, I have some ideas on how to hedge your potential fees.
Earnings after the close. Here are our earlier SOLR posts:

GT Solar IPO prices at $16.50 per share in IPO (SOLR)
GT Solar shares fall as much as 15 pct in debut (SOLR)
Frank Quattrone: Bring Back Conflict Ridden IPO* Analysts
Traders Slamming GT Solar IPO (SOLR)
Was the GT Solar IPO a Hit Job? (SOLR)
GT Solar: Here Come the Lawyers (SOLR)