News For FSLR From The Last 14 Days Check below for free stories on FSLR the last two weeks.
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May 24, 2012
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| 23:50 EDT |  | FSLR |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | According to Jim Cramer, markets appear rigged, and the only losers appear to be the shareholders. Cramer questions....Was the Facebook (FB) IPO fair? With news that Morgan Stanley (MS) may have alerted some of its biggest customers about slowing growth at the company, it appears not. Were investors at J.P. Morgan Chase (JPM) misled by CEO Jamie Dimon, who repeatedly said things were going great even though the company was in the process of losing $5B? It appears so, Cramer says. Cramer said it gets even worse: Both Morgan Stanley and J.P. Morgan will use shareholder money to investigate and defend themselves against any wrongdoing -- and to pay the fines, too. Cramer said companies get away with stunts like this because the system is broken and Washington isn't doing anything to fix it. Cramer said the bad apples on Wall Street must pay for their actions, and that will only happen if the government starts targeting them directly. Next, Cramer wasn't done with suggestions for J.C. Penney (JCP) CEO Ron Johnson on how to revive the ailing retailer. After comparing J.C. Penney's turnaround attempt to that of Pier 1 Imports (PIR) on Monday, Cramer then compared Penney to the turnaround in Chico's FAS (CHS). Chico's reshuffled its merchandise and took the rare step of raising prices in order to attract its core, older customers while shunning a younger demographic. This strategy worked. Chico's reported a 21% pop in yoy revenue with a 9.6% increase in same store sales. Cramer concluded. J.C. Penney needs to stop pandering to Wall Street and get to work on the almost impossible task of a retail turnaround. Investors need to play defense with their portfolios, Cramer told viewers. That means high-quality domestic companies with no exposure to the trials and tribulations of Europe and a juicy dividend yield. B&G Foods (BGS) is one such company. It has the unique talent of being able to reinvigorate brands. In an environment where commodity costs are falling, Cramer said that B&G, with its excellent balance sheet and great gross margins, is in a terrific position to surprise Wall Street. Shares trade at just 15x earnings and the company has a 12% long-term growth rate. SELL BLOCK: Cramer highlighted several stocks that investors need to avoid at all costs. Best Buy (BBY) has a broken business model. First Solar (FSLR) government subsidies are drying up quick. Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback. Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation. In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard Drexler, which debuts Thursday evening. Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. LIGHTNING ROUND: (Bullish) V; KOG ; EA. (Bearish) GLW; FB; TVIX; GME; C. Reference Link :theflyonthewall.com |
| | 12:42 EDT |  | FSLR |
| | 09:27 EDT | | FSLR |
| theflyonthewall.com: | Suntech CEO: Europe tariff like U.S. would be "lethal" to industry, Reuters says | | Suntech (STP) CEO Zhengrong Shi told Reuters that if an anti-dumping tariff like the one put in place by the U.S. were to be implemented in Europe, it "would have a lethal impact on China's solar industry." Reference Link :theflyonthewall.com |
| | 06:24 EDT | | FSLR |
| theflyonthewall.com: | Uncertainty leads solar firms to advance cautiously, Digitimes reports | | With Europe and India likely to conduct investigations against solar firms similar to those carried out by the U.S., companies in the industry have been expanding cautiously, choosing locations that will help them avoid taxation, according to Digitimes. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 12:37 EDT |  | FSLR |
| theflyonthewall.com: | Cree comparison to First Solar not apples to apples, says Piper Jaffray | | Piper Jaffray believes comparisons made between Cree (CREE) and First Solar (FSLR) are not apples to apples and it reiterates an Overweight rating on Cree shares. The firm said Cree is not a low cost supplier like First Solar, but a technology leader in LED lighting. Piper adds that Cree can switch to sapphire without having to scrap its downstream capacity should the technology advance. The Fly notes Cree shares are down 5.6% to $25.66 after Wunderlich this morning called the company the First Solar of LED lighting. :theflyonthewall.com |
| | 12:18 EDT |  | FSLR |
| theflyonthewall.com: | On The Fly: Midday Wrap | | Stocks on Wall Street were lower by about 1.5% at midday, following the lead of markets in Europe and Asia. The weakness is again being attributed to growing concern over Greece and its ability, and possibly willingness, to remain in the euro. The market essentially ignored the better than expected U.S. new home sales data and the home price index report and instead continued the down trend which began a few weeks ago... ECONOMIC EVENTS: In the U.S., new home sales increased 3.3% in the month of April to a 343K annual rate, versus expectations of an increase of 2.1%. The House Price Index showed an increase of 0.5% for the month of March, versus expectations of an increase of 0.3%. In Europe, equities slumped badly and the euro tumbled to its lowest level versus the dollar since August 2010 ahead of an informal summit meeting Wednesday night planned by European leaders. Expectations are that German Chancellor Angela Merkel will hold a hard line against mounting pressure to consider joint eurobonds. In Asia, stocks fell as well, as the World Bank cut its grow forecasts for the Asia-Pacific region, including China, to 7.6% for 2012 compared to 8.2% last year... COMPANY NEWS: Shares of Dell (DELL) plunged $2.66, or 17.64%, to $12.42 after the company reported weaker than expected Q1 results and guided to Q2 revenue below consensus. The company's commentary on the challenging economic backdrop and how consumers have moved toward mobile devices and away from traditional PCs sunk peers as well, including Hewlett-Packard (HPQ), which is due to report after the close... MAJOR MOVERS: Among the notable gainers were PetSmart (PETM), up about 11%, following its "beat and raise" report, and Expedia (EXPE), up nearly 5%, after Piper Jaffray said in a note to investors that it raised it price target on shares, citing impressive growth in the number of people visiting the company's European website last month. Noteworthy losers included Qihoo 360 (QIHU), down almost 8%, following its quarterly report and the appointment of a new co-CFO, and Cree (CREE), down another 6%, as it slid for a second straight day and a Wunderlich analyst drew parallels between Cree and troubled solar energy company First Solar (FSLR)... INDICES: Near noon, the Dow was down 182.43, or 1.46%, to 12,320.38; the Nasdaq was down 42.45, or 1.50%, to 2,796.63; and the S&P 500 was down 19.17, or 1.46%, to 1,297.46. :theflyonthewall.com |
| | 10:38 EDT | | FSLR |
| theflyonthewall.com: | Cree retreats after being called First Solar of LED space | | Shares of LED lighting maker Cree (CREE) are sinking after Wunderlich analyst Theodore O'Neill identified similarities between Cree and troubled solar energy company First Solar (FSLR). The solar energy's stock has tumbled 88% over the last year. In a note entitled, "Is Cree the First Solar of the LED World?," O'Neill notes that both Cree and First Solar have historically relied on raw materials that nobody else uses to make their products. First Solar utilizes cadmium and tellurium, while its competitors use polysilicon. Cree uses silicon carbide and its competitors utilize sapphire. First Solar lost its upper hand when polysilicon got cheap, and now sapphire - the material used by Cree's competitors - is also getting less expensive, O' Neill writes. In mid-morning trading, Cree dropped $1.23, or 4.53%, to $25.97. :theflyonthewall.com |
| | 08:28 EDT | | FSLR |
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May 22, 2012
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| 06:36 EDT | | FSLR |
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May 21, 2012
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| 07:57 EDT | | FSLR |
| theflyonthewall.com: | Taiwanese solar cell prices seen rising after tariff ruling, DigiTimes says | | After the U.S. government announced high preliminary anti-dumping duties on China-made solar cells, Taiwan-based solar cell makers plan to increase quotes due to expected order increases from Chinese peers, according to DigiTimes, citing industry sources. Reference Link :theflyonthewall.com |
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May 18, 2012
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| 07:21 EDT | | FSLR |
| | 06:13 EDT | | FSLR |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: Alexis Tsipras, head of Greece's radical left party known as Syriza, says he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts, the Wall Street Journal reports...Bad debts held by Spanish banks jumped to a 17-year high in March, according to the country's central bank, as 8.37% of the loans held by banks, or EUR147.97B, were over three months overdue for repayment in March, the Wall Street Journal reports...REUTERS: Market turmoil over the euro zone crisis could last another 12-24 months, says German Finance Minister Schaeuble, adding that it was up to the Greeks to decide if they wanted to stay in the single currency, Reuters reports...BLOOMBERG: Federal policy makers may prefer another round of Operation Twist to an outright asset-purchase program should the economy show further signs of weakness or if risks increase, Bloomberg reports...The U.S. yesterday imposed tariffs of as much as 250% on Chinese-made solar cells to aid domestic manufacturers, but critics say the decision may end up raising prices and hurting the U.S. renewable energy industry, Bloomberg reports...Chinese auto dealerships, including Honda (HMC), Chery, BYD and Geely, are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the state-backed China Automobile Dealers Association, Bloomberg reports. :theflyonthewall.com |
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May 17, 2012
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| 15:12 EDT | | FSLR |
| theflyonthewall.com: | U.S. issues preliminary ruling on anti-dumping duties for Chinese solar imports | | The Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation of imports of crystalline silicon photovoltaic cells, whether or not assembled into modules, from the People’s Republic of China. The department preliminarily determined that Chinese producers/exporters sold solar cells in the United States at dumping margins ranging from 31.14% to 249.96%. Suntech (STP) and Trina Solar (TSL) received preliminary dumping margins of 31.22% and 31.14%, respectively. Fifty-nine other exporters qualified for a separate rate of 31.18%. All other Chinese producers/exporters received a preliminary dumping margin of 249.96%, Commerce said. The department said it is currently scheduled to make its final determination in early October. Reference Link :theflyonthewall.com |
| | 14:21 EDT | | FSLR |
| | 14:16 EDT | | FSLR |
| | 08:18 EDT | | FSLR |
| theflyonthewall.com: | Commerce Dept. decision on Chinese solar panel makers expected today, DJ reports | | The Department of Commerce is expected to issue a decision today on tariffs as part of an investigation into accusations that Chinese solar-panel makers receive unfair government subsidies and then sell their products in the U.S. at prices below production costs, reports Dow Jones. Reference Link :theflyonthewall.com |
| | 06:22 EDT | | FSLR |
| theflyonthewall.com: | Chinese could commence anti-dumping, subsidy probe on U.S., Digitimes reports |
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May 16, 2012
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| 08:27 EDT |  | FSLR |
| | 06:19 EDT | | FSLR |
| theflyonthewall.com: | Thin-film solar firms expanding into solar PV systems, Digitimes reports | | With thin-film solar products increasingly marginalized due to the falling price of mainstream silicon-based products, associated firms have been increasingly turning to production of PV systems, according to industry sources and reported in Digitimes. Reference Link :theflyonthewall.com |
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May 15, 2012
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| 06:29 EDT | | FSLR |
| | 06:26 EDT | | FSLR |
| theflyonthewall.com: | H2 solar revenue growth led by U.S., Asia Pacific pipelines, Digitimes reports |
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| | 06:23 EDT | | FSLR |
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May 11, 2012
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| 12:24 EDT | | FSLR |
| theflyonthewall.com: | ISH iSuppli: Solar polysilicon prices tumbled 11% last month | | With no sign that the oversupply of solar polysilicon is ending, buyers are shifting their purchasing activity to the bargain-basement spot market, contributing to a sharp 11% drop in overall pricing in April, according to IHS iSuppli. The weighted average selling price for polysilicon used in photovoltaic solar cells plunged to $27.20 per kilogram in April, down from $30.70 in March, the firm said. This is marks the first time in 2012 that the average weighted price dropped below the $30 threshold. The continued increase in the proportion of spot market sales indicates that the oversupply situation and pricing decreases are likely to continue, the firm added. :theflyonthewall.com |
| | 11:47 EDT | | FSLR |
| | 10:02 EDT | | FSLR |
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