After-hours the stock is down another 84 cents at $163,26. The lower the better says I.
Pacific Crest is the shop where one of the better solar analysts, Mark Bachman, used to hang his hat.
Here's his replacement via Tech Trader Daily:
Pacific Crest analyst Weston Twigg today writes that First Solar’s (FSLR) Q4 report, due out on Thursday, could be a chance to take profit in the stock, based on his view that prices for solar modules may decline on average by 10% to 20% this year and next, faster than a 7% drop in First Solar’s cost of manufacturing annually.
The likelihood is that First Solar will beat Thursday, writes Twigg, and he’s modeling $634 million in revenue and $1.72 per share in earnings, below the consensus $648 million and $1.76.
Moreover, he sees “attractive” growth in 2011, with revenue rising 49% and EPS rising 24%....MORE