You may have noticed the dearth of posts on solar companies. A couple posts slamming SunPower (SPWRA) and another on Spain having second thoughts on the subsidies were the total output following First Solar's earnings surprise. Even our last FSLR post had this note:
The stock gapped up and is currently trading at $148.35, up $20.22.Here's the chart:
I can't recall a single instance where FSLR gapped and didn't (eventually) fill the gap....
That 128 to 141 space on the chart is the gap and at the current $127.24, down $6.71 the gap has been filled.
Today Tickerspy's Chinese solar index is down 8.6%. I'll be back with more, my ride's here.
(image via Freak Out)