Original post:
How things have changed.
Back in the day (2007-2008) we'd have a ritual on FSLR report date including digging up a GoGo's video and wait with that fear/greed frisson for the appointed second.
No more, the stock just doesn't react the way it did when it was the shiny new thing , ripping 20-25 bucks after hours as everyone tore into the minutiae of cost per watt and reading forward guidance like Kremlinologists watching the May Day reviewing stand to see who's in and who's out.
Back in the day First Solar was at the top of the short interest lists. Now the short interest doesn't even make the top 50.
Last week Goldman reiterated their neutral rating. Neutral!
Twas a time when just a whisper that it was going on the "Conviction Buy List" would be good for a 5% bump.
Now their target price is $1.34 higher than at present, $40.66 last
And instead of hype-n-tout we have this:
Analysts surveyed by FactSet are projecting GAAP earnings of 77 cents per share on revenue of $989.7 million.And this for short interest:
During the same quarter last year, the Tempe, AZ-based solar energy solutions company reported GAAP earnings of $3.38 per diluted share on revenue of $1.27 billion....
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover |
|---|---|---|---|
| 10/14/2016 | 14,496,697 | 2,261,994 | 6.408813 |
| 9/30/2016 | 13,442,761 | 3,337,060 | 4.028325 |
| 9/15/2016 | 12,684,852 | 3,086,399 | 4.109920 |
Yeah, up 7.8% from September but only 21% of the company’s float.
Well, we still have We Got the Beat:
More after the report.
First Solar, Inc. To Announce Third Quarter Financial Results on November 2, 2016
UPDATE: First Solar, Inc. Announces Third Quarter 2016 Financial Results (Beat; Miss; Neutral) FSLR
