Tuesday, April 9, 2013

First Solar Halted, Soars 49%: Fellow Solars Jump on Forecast (FSLR)

Pity the poor shorts, the margin clerks are going to be ruthless.

From Barron's Tech Trader Daily:
By Tiernan Ray
Shares of solar energy technology provider First Solar (FSLR) are soaring by $12.23, or 45%, at $39.27  $13.16, or almost 49%, at $40.20, after breaking through several circuit breakers and being repeatedly halted this afternoon, following the company’s analyst day meeting this morning in New York, at which meeting the company projected revenue of $3.8 billion to $4 billion this year, and earnings per share of $4 to $4.50, which is significantly ahead of the average Street estimate this year of $3.17 billion and $3.60 per share.

The stock touched as high as $41 today, a new 52-week high....MORE