Bill Maurer's  Instablog

Bill Maurer
  • on Consumer Goods
  • on Technology
  • on Short Ideas
Send Message
Bill Maurer, in addition to writing for Seeking Alpha, is currently a part-time trader. Bill holds a Bachelor of Science Degree from Lehigh University, where he double majored in Finance and Accounting, with a focus on Investments and Financial Analysis. While at Lehigh, he was a Head Portfolio... More
  • First Solar Rallies On Topaz Sale To Buffett 0 comments
    Dec 7, 2011 11:20 AM | about stocks: FSLR, BRK.A, BRK.B

    Shares of First Solar (NASDAQ:FSLR) rallied nicely on Wednesday on news that the company has sold its interest in the California based Topaz project to MidAmerican Energy, a subsidiary of Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B), for $2 billion.

    Shares of First Solar rose more than 8% to $50 in late morning trading, but were near $52 shortly after the open. Shares have taken quite a beating lately after the industry has seen demand issues and price cuts, as well as the Solyndra bankruptcy and fraud.

    Now, First Solar has lowered 2011 guidance in each of its last two earnings reports, and that has been a catalyst for the fall in the stock. Estimates for both this year and next continue to come down.

    The trade recently in First Solar has been to short it on any pops, so we'll have to see if the trend continues, or if this is the catalyst to get the stock going. First Solar is a good company in a bad industry right now, and with other solar names continuing to be hit, First Solar could continue to decline, even if the company is doing well.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: FSLR, BRK.A, BRK.B
Back To Bill Maurer's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • If only my $DPRX buy limit order had gone through at $2.00 this morning... : (
    about 15 hours ago
  • $TSLA announcement 8pm eastern. Too late for AH trading, but if news is bad, it gets dwarfed by debate.
    7 days ago
  • Hey $TSLA, what happened in court on Friday?
    Oct 16, 2016
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.