In early pre-market action the stock is up $3.67 at $151.08. Our target for this go-round was the 52-week high of $153.30.
As we said in last Tuesday's "First Solar "Holy Uptick Batman" (FSLR)":
...That is some serious "pick off the offer" buying. and I have no idea why.From Street Insider:
Volume is running about 80% above average and someone is buying every offer in sight.
I suppose we'll find out soon enough why someone is willing to "pay any price..." for FSLR.
I'll be back tomorrow with the weekly chart, it is instructive.
Goldman Sachs added First Solar (NASDAQ: FSLR) to its Conviction Buy List, with a $165 price target, representing 12% upside.The first corollary of the Grassy Knoll Theory of Investing:
The firm said called FSLR the industry's low-cost supplier, with the most credible pipeline of utility-scale projects, providing the best risk/reward in the sector.
They believe their $9.40 EPS estimates, which is 5% above the consensus, is still conservative....MORE
"There is a They, and They know."
Now we do too.