Wednesday, November 6, 2024

UPDATED—Iowa Pollster Ann Selzer Destroyed The Dreams (and more importantly the finances) Of Renewable Energy Investors (FSLR)

First Solar Update (FSLR)

Original post:

On October 30 we posted "First Solar Q3 2024 Earnings Call Transcript (FSLR)" with the intro line "It sounds like dead money for at least a quarter." Straight analysis in ten words informed by a lifetime at the market.

So far so good.

On November 2 the Des Moines Register published "Iowa Poll: Kamala Harris leapfrogs Donald Trump to take lead near Election Day. Here's how" about which the BBC gushed:

A new poll of voters in Iowa suggests that Kamala Harris is leading with 47% over Donald Trump's 44%.
The survey was released by the highly regarded pollster Ann Selzer, who regularly carries out surveys for the Des Moines Register newspaper....
MarketWatch did not refer to the "highly regarded pollster", instead going with "Trump election odds tumble on betting markets after Iowa poll shows Harris lead".

The stock which had traded as low as $183.68 on October 30 (closing at $197.50), hit $221.20 on November 4.
 
This morning's MarketWatch story is headlined "Renewable-energy stocks tank after Trump wins White House"
The stock is trading at $183.20 down $32.69 (-15.14%).