The stock is down $1.91 at $54.00.
From Notable Calls:
Ticonderoga's Paul Leming is making a very negative call on First Solar (NASDAQ:FSLR) downgrading the Solar leader to SELL from NEUTRAL with a $40 price target (prev. $117)There was a reason for the choice of our first recipient of the Climateer "Our Hero" award back in 2007.
According to the analyst there will be acceleration into the downside in both pricing and volume expectations for the PV industry.
No Year-End Rally In Germany - Phoenix Solar yesterday announced sharply lower revenue expectations for 2011 and stated bluntly in their press release that "the hitherto expected year-end rally [in installations in Germany] does not appear to be materializing." Germany remains the single largest market in the world for PV - the lack of a fourth quarter surge in installations and the growing support for still further reductions in subsidies in Germany is devastating news for the PV industry in general and FSLR, in particular. Volume assumptions for 2012 are increasingly at risk....MORE
The 26th Secretary of War, the Democrat and Republican (!) Senator from Pennsylvania, Simon Cameron:
"The honest politician is one who
when he is bought, will stay bought."