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First Solar is cut to Sell at Raymond James, with analyst Pavel Molchanov calling the recent big...

First Solar is cut to Sell at Raymond James, with analyst Pavel Molchanov calling the recent big move in the stock (and solar overall) "another solar junk rally." It's a carbon copy of last year's surge around this time, he says. "Here is how that movie ended: The index ended down 33% for the year." FSLR -3.3% premarket.
Comments (4)
  • User 509088
    , contributor
    Comments (985) | Send Message
     
    last year, did the oracle of omaha buy a whole whack of solar and contract the seller to turnkey the thing for him?

     

    did someone say the biggest consolidated permitted array in the world?

     

    could that be a signal? hmmmmm?
    4 Jan 2013, 10:32 AM Reply Like
  • solarjoe
    , contributor
    Comments (31) | Send Message
     
    Actually yes he did. Buffet bought 2 large solar power projects from FSLR for about the same amount.
    4 Jan 2013, 10:38 AM Reply Like
  • Lito.Manalo
    , contributor
    Comments (3) | Send Message
     
    A downgrade based on guesses and prejudiced bias should be treated as such. What are your facts Mr Molchanov? Do you have any solid evidence that revenue is coming down? or are you basing your decision on your negative opinion of the solar industry as a whole?
    4 Jan 2013, 01:37 PM Reply Like
  • solarjoe
    , contributor
    Comments (31) | Send Message
     
    Lito - other articles citing Mr. Manalo give a more in-depth analysis. This is just a synopsis of the other articles. Google it - he's spot on.
    4 Jan 2013, 06:34 PM Reply Like
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