April 2016

[admin]

We're buying 500 shares First Solar (FSLR) at $57.85. The 7% drop seems overdone to us:

For this year, the company affirmed its outlook for revenue of $3.8 billion to $4 billion, but raised its gross profit forecast to a range of 18% to 19% from a prior range of 17% to 18% . It also raised the lower end of its earnings per share forecast, to a range of $4.10 to $4.50 from a prior $4 to $4.50.

First Solar Drops 9% on Q1 Earnings: Rev Misses; CFO Becomes CEO - Tech Trader Daily - Barrons.com