Seeking Alpha

First Solar (FSLR -5.7%) falls hard after Pac Crest cuts its estimates in response to JA Solar...

First Solar (FSLR -5.7%) falls hard after Pac Crest cuts its estimates in response to JA Solar and Yingli's disappointing Q2 reports. Though still down on the year, First Solar has been one of this summer's best performers, thanks to a strong Q2 report and growing investor confidence that the company's new focus on projects instead of module sales will pay off. Update: Eric Savitz claims Pac Crest didn't cut its estimates today, as was reported by The Fly on the Wall.
From other sites
Comments (9)
  • paulbip
    , contributor
    Comments (208) | Send Message
    What does Pc Crest know? Answer: no more than the rest of us. Question, Does FSLR have the same business model as Yingli or JA Solar? Answer: No.
    29 Aug 2012, 11:08 AM Reply Like
  • Bashir64
    , contributor
    Comments (2) | Send Message
    I agree. The analyst at Pacific Crest Securities need to do their homework. First Solar won a contract in India. The current power supply structure in India cannot keep up with demand and with issues with coal supply the best alternative is solar power. I feel First Solar has positioned itself well and with the other contract wins in Thailand this company will take off. They beat the market EPS and increased their growth forecast.
    29 Aug 2012, 12:26 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
    If they're losing money fast enough, they may qualify for a free loan from the current administration whose specialty is "investing" in failure.
    29 Aug 2012, 11:21 AM Reply Like
  • Christopher Cowan
    , contributor
    Comments (150) | Send Message
    A company has to demonstrate that they can survive without the loan in order to qualify.
    29 Aug 2012, 11:57 AM Reply Like
  • Hourglasss
    , contributor
    Comments (2) | Send Message
    The previous administration are the one's that failed. The present administration is still cleaning up and taking responsibility.
    29 Aug 2012, 12:47 PM Reply Like
  • EricAtForbes
    , contributor
    Comment (1) | Send Message
    Check your facts: Pac Crest did NOT cut numbers on FSLR today. I just ck'd with the analyst.
    29 Aug 2012, 12:49 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (1079) | Send Message
    I'll take your word for it. The Fly on the Wall reported Pac Crest cut its estimates, and I haven't seen anything contradicting them.
    29 Aug 2012, 02:05 PM Reply Like
  • lukepham
    , contributor
    Comments (22) | Send Message
    I wouldn't truct Pac Crest since they seems to hold short position on FSLR. They'll cry when they read this. See below:

    6 Sep 2012, 12:19 PM Reply Like
  • lukepham
    , contributor
    Comments (22) | Send Message
    Pac Crest must be short position on this to make a foolish comment like that. Watch for a bounce back soon on FSLR and then they'll cry some more for help. FSLR is targeted for at least $29 to $34 this year.
    29 Aug 2012, 03:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs