Following up on last Thursday's "First Solar: Short Squeeze Being Set Up (FSLR)", at the time I wrote the post the stock was "In light pre-market action the stock is down 7 cents at $120.55."
FSLR traded down to $114.40 that day before closing at $117.96, down $2.66 on the day but up $3.56 from the Chanos inspired bottom.
The next day the stock was up $3.41 to close at $121.37.
Today, in a burst of enthusiasm (and short covering) the stock hit $128.95 up $14.55 from the Thursday intermediate-term bottom. It is currently changing hands at $124.75, up 3.38 on the day.
Here's the nuke story from Reuters:
U.S.-listed solar stocks rally after German nuke decision
* JA Solar, LDK rise more than 8 pct
* First Solar, Suntech climb more than 4 pct
May 31 (Reuters) - Shares of U.S.-listed solar companies jumped in early Tuesday trade after news that Germany, the world's leading solar market, would shut down its nuclear reactors by 2022.
American Depositary Receipts of China-based JA Solar Holdings (JASO.O) led the gains, climbing 8.8 percent to $6.15, followed by LDK Solar Co (LDK.N), up 8.7 percent to 7.63, and Yingli Green Energy (YGE.N), up 6.3 percent to $9.29....MORE
The next phase should be further accumulation followed by Goldman Sachs' reiterating their "Conviction Buy" call.
If you missed it, be sure to read all of Friday's "Analyst Smackdown: Are the Bears Right on First Solar? (FSLR)"