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First Solar, Inc. (FSLR)

  • Jul. 12, 2013, 3:29 PM
    SunPower's (SPWR +2.1%) diverse customer base and its ability to enter markets where subsidies aren't prevalent makes it Baird's top pick among solar companies, which the firm continues to like even after shares have soared 360% YTD. On First Solar (FSLR +2%), the firm says its business model "will become increasingly difficult as rooftop market growth will surpass utility projects."
  • Jul. 1, 2013, 11:07 AM
    Volatile solar stocks rally (TAN +2.7%) on what's proving a good day for risk assets, as investors decide a weak Chinese manufacturing PMI print was already priced in. JKS +7.5%. SCTY +7.1%. SUNE +6.6%. YGE +4.6%. LDK +6.2%. First Solar (FSLR +4.4%) has announced this morning construction has begun for its 50MW Macho Springs New Mexico solar project, and ReneSola (SOL +6.1%) says it has restrated production at a polysilicon plant (halted in Nov.) following upgrades. ReneSola says the plant now has an annual production capacity of 10K MT, and that it expects to produce 1.8K-2K MT in Q3.
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  • Jun. 28, 2013, 9:40 AM
    A roundup of tech analyst ratings changes: 1) Sina (SINA -0.2%) has been upgraded to Hold by Maxim. 2) First Solar (FSLR +1%) has been upgraded to to Buy by Argus. 3) Vodafone (VOD +0.5%) has been upgraded to Buy by Deutsche. 4) American Superconductor (AMSC +10.3%) has been started at Buy by Ascendiant Capital. 5) F5 (FFIV +0.7%) has been upgraded to Outperform by Raymond James. 6) Move (MOVE +1%) has been started at Buy by B. Riley. 7) Sohu (SOHU -1.1%) has been upgraded to Neutral by HSBC. 8) Palo Alto Networks (PANW -2.2%) has been started at Perform by Oppenheimer. 9) Veeco (VECO -1.7%) has been started at Neutral by Wedbush.
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  • Jun. 25, 2013, 1:01 PM
    U.S. solar stocks rally strongly ahead of a Tuesday speech from Pres. Obama in which he's expected to outline plans to effectively double the amount of renewable energy created on public lands by 2020 (enough to power 6M homes), and to impose regulations of carbon dioxide output from U.S. power plans. First Solar (FSLR +7.6%), which received an upgrade and a bullish coverage launch yesterday, is the biggest winner, but SunEdison (SUNE +5.6%) and SunPower (SPWR +4.2%) are also doing well.
  • Jun. 24, 2013, 9:29 AM
    First Solar (FSLR) +1.3% after JPMorgan starts coverage with an Overweight and $64 PT, and Maxim upgrades shares to Hold. JPM's coverage launch comes even though FSLR was the only stock to make JPM's list of stocks to avoid in 2013, back in December. Analyst Paul Coster, who has covered everything from TiVo to chip stocks, expects FSLR to beat consensus 2014 EPS estimates, and calls the company the best-positioned solar pure play. Maxim was bearish on FSLR for much of its run-up, and resumed coverage at Sell earlier this month.
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  • Jun. 13, 2013, 10:23 AM
    First Solar (FSLR -2.1%) prices its 8.5M-share stock offering at $46, news that has led shares to fall to $45.74. Shares are now down 19% from Monday's close of $56.40, but are still up 48% YTD.
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  • Jun. 12, 2013, 3:31 PM
    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.
  • Jun. 11, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: RMBS +8%. ULTA +8%. LND +5%. BNNY +5%. Z +3%.
    After-hours top losers: IEP -5%. FSLR -4%. BCOV -3%. GOL -3%. NCT -3%.
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  • Jun. 11, 2013, 5:06 PM
    More on First Solar: The company has followed up on the filing by announcing an 8.5M-share stock offering that stands to increase its diluted share count by ~11%. First Solar says it will use the proceeds for "general corporate purposes," which could include solar project acquisitions/investments and "strategic investments to develop certain business units and expand in new geographies." FSLR -4.8% AH.
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  • Jun. 11, 2013, 4:59 PM
    First Solar (FSLR) -4.1% AH after filing an automatic mixed shelf. The solar giant had $1.01B in cash/investments and $562M in debt on its balance sheet as of March 30.   (S-3)
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  • Jun. 11, 2013, 10:40 AM
    Volatile solar stocks head south (TAN -4%) after LDK Solar (LDK -8.5%) beat Q1 revenue estimates by $7.1M, but missed EPS forecasts $0.25 thanks to a -57% gross margin (-42.7% exc. a $15.1M inventory write-down), and provided somewhat disappointing revenue guidance. JKS -5.5%. TSL -4.9%. JASO -6.2%. DQ -4.8%. SPWR -4.4%. FSLR -4.9%. YGE -5.2%. GTAT -3.6%. FSLR -4.9%. LDK ended Q1 with $174M in cash, $182M in pledged bank deposits, and a whopping $2.6B in debt. (SolarCity)
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  • Jun. 5, 2013, 1:48 PM
    Maxim restarts coverage on First Solar (FSLR -3.3%) with a Sell and $42 PT.  The firm downgraded First Solar to Sell in April '12 (shares are up 147% since then), and issued a string of bearish reports afterwards. (earlier)
  • Jun. 5, 2013, 11:41 AM
    Solar stocks see a bit of profit-taking after Goldman downgrades JA Solar (JASO -9.3%) and Trina (TSL -6%), and the EU officially announces Chinese module tariffs that will only total 11.8% for now, but could soar as high as 67.9% on Aug. 6 if a settlement isn't reached. Yingli (YGE -5.4%) states its tariff will rise to 37.3% on Aug. 6, which it claims is "the lowest rate" of all Chinese mobile vendors. Trina says its tariff will rise to 51.5%. LDK -5.2%. CSIQ -3.5%. JKS -3.2%. CSUN -4.1%. SOL -4.4%. FSLR -3.4%. CSIQ -3.5% in spite of its solar plant sales.
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  • May 30, 2013, 9:13 AM
    Premarket gainers: NVE +22%. CLWR +20%. MY +15%. CLSN +13%. HSOL +12%. CPST +10%. EXPR +9%. LXRX +8%. BLDP +8%. VRNG +7%. RSOL +6%. WFR +6%. AMRN +6%. FSLR +6%. ALU +6%. EMC +6%. STP +5%. HIMX +5%. OCZ +5%.
    Losers: ABIO -31%. BIG -9%. VNR -5%. BPFH -5%.
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  • May 30, 2013, 8:53 AM
    First Solar (FSLR) +6.6% premarket as Goldman Sachs upgrades shares to Buy from Neutral with a $64 price target (from $43), citing strong free cash flow, a low bar and reasonable valuation. Goldman sees "execution on an industry-leading 2.5GW backlog of predominantly North American projects positioning First Solar to generate $5-$6 of free cash flow per share annually through 2015."
  • May 22, 2013, 10:19 AM
    Talks designed to ease the solar panel trade spat between China and the EU by agreeing on export prices have failed, Xinhua reports. Solar shares are broadly lower: STP -18.7%, JASO -3.4%, TSL -2.3%, YGE -2.5%, SPWR -2.5%, LDK -7.3%, JKS -4.1%, FSLR -2.5%.
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Company Description
First Solar Inc is a provider of solar energy solutions. It designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. It also manufactures crystalline silicon solar modules.