Thursday, November 8, 2007

First Solar heats up

Solar is surely heating up. First Solar announced Q3 results of 58c EPS versus an expectation of 19c and the stock is up 30+% and over $50+. That too on a down day ! I should have listened to Gunther and loaded up on FSLR. Clearly there is demand for solar electric modules and whoever can supply it in volume is benefitting. First Solar is an Arizona based company selling primarily to Germany. It will be good to see which of the valley companies puts up competition first.


No comments:


© 2007, 2008 Madan Venugopal    All rights reserved.