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First Solar (FSLR -9%) falls sharply on news of its 8.5M-share sale, but MoneyBeat says the deal...

First Solar (FSLR -9%) falls sharply on news of its 8.5M-share sale, but MoneyBeat says the deal is well-timed, given the stock’s near-doubling in recent months and investors’ generally warm reception to recent corporate stock sales. FSLR plans to use proceeds for potential acquisitions or investments in solar power projects; Goldman Sachs calls the move “a positive and opportunistic maneuver” to prepare for such ends.
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Comments (3)
  • Dr. Duru
    , contributor
    Comments (1877) | Send Message
     
    Curious comments from Goldman since they UPGRADED the stock from neutral to buy on May 30th!
    12 Jun 2013, 03:45 PM Reply Like
  • TruthSTOCK
    , contributor
    Comments (5) | Send Message
     
    The shock today on $FSLR is more of profit taking and to be in sync with the general market trend (down day). Project pipeline is getting longer for this company and should lift to $60 in the next month or so
    12 Jun 2013, 04:07 PM Reply Like
  • shellzandcheeze
    , contributor
    Comments (39) | Send Message
     
    Or, could that be your "prediction" based off personal "interest"?
    12 Jun 2013, 04:31 PM Reply Like
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