Right now it's a tough space for portfolio investments, maybe a turn at the bottom of the gap, maybe not, see chart below.
Please to remember, FSLR was pretty much our raison d'être from the $20.00 Nov. '06 IPO to the $317.00 May '08 top tick. $50.92 last.
From MarketWatch:
Shares of First Solar Inc. FSLR, -7.41% fell 6.2% on Tuesday as the stock got a downgrade from analysts at RBC Capital Market. "We believe First Solar earnings power is significantly lower than consensus and previous guidance," the analysts said in downgrading the shares to underperform. The RBC analysts also lowered their price target on the stock to $34 a share from $54 a share. RBC expects the solar-power company to earn $1.37 a share in 2016, compared with consensus of $3.48 a share and company guidance of $3.50 a share to $5 a share. Revenue growth for this year and the next will be "flattish," compared with the company's previous guidance of 19% growth in 2015 and 2.5% growth in 2016, RBC said. "Given the company's high exposure to utility-scale projects and the long lead-time and development cycle of those projects, we do not see upside surprise to our project revenue estimate."...More at The Street.com
And from FinViz:
