We also mentioned FSLR for the first time in a couple years, for as the old traders used to say: "Well bought is half sold". Links below.
The stock is at $44.16 up $2.91. If bought for a trade yesterday we may have a "Buy on mystery, sell on history" rationale (or rationalization, if it goes higher).
From ValueWalk:
J.P.Morgan analysts have released a report on First Solar, Inc. (NASDAQ:FSLR) at Overweight with a 2014 year-end price target of $64.00. They view First Solar, Inc. (NASDAQ:FSLR) as the best-positioned pure-play company in a market that should exhibit strong long-term growth. Solar contributes a tiny fraction of global electricity power but is on a technology-led cost trajectory, largely authored by FSLR, that should put this renewable energy source on track to compete head-on with conventional power within 3-5 years. FSLR’s recent capital raise should enable it to get a head-start on this diverse opportunity, building momentum in sustainable markets.
Near-term Challenges, Growth Resumes in 2015
...MUCH MORE
First Solar Up 7% Ahead of Obama Speech
First Solar Up On Potential Obama Love (FSLR)
The Obama Climate Plan, June 2013: Sweeping Executive Power
