UPDATE: "Why we bailed on First Solar and Sunpower: "Stocks Tumble as Technical Markers Give Way" (FSLR; SPWRA; SPWRB)"
Original post:
It's been fun. We started touting Sunpower on May 26 at $10.65, today it's trading at $14.68, down 18 cents.
In the case of First Solar it was June 8th with "Hapoalim Cuts First Solar Target to $65 on Cadmium Telluride Risk; It Won't Matter and Probably Sets an Intermediate Low (FSLR)" at anywhere from $105.35 premarket down to the $100.19 intraday low. Today we're looking at $123.71, down 97 cents.
Here's Tickerspy's Solar Stock Index:
Today: -0.1%
Today vs S&P 500 : -0.6%
1-month: +5.9%
All-time: -73.6%
1-month vs S&P 500: +3.1%
All-time vs S&P 500: -53.2%
Their Chinese Solar index is hanging in there, maybe time to go back to Trina (up 4.8% today).
Today: +1.1%
Today vs S&P 500 : +0.7%
More later.