UPDATE: "Options Flash "First Solar Burns Out; Bears Taste Blood" (FSLR)"
Eric Savitz is on the ball today re: FSLR.
The stock is down $7.16 at $105.93.
From Tech Trader Daily:
Wunderlich Securities analyst Theodore O’Neill this morning launched coverage of First Solar (FSLR) with a Sell rating and $90 price target; the stock closed yesterday at $113.09. He contends that 2010 consensus revenue and EPS estimates are at risk of downward revisions, particularly in the second half.O’Neill says the current consensus is based on a 40% increase in PV demand and relatively stable module prices; he thinks demand will fall short of forecasts and that module prices will fall 10%-20%....MORE