First Solar: 10% Dip On The Horizon
By Ry Frank:First Solar (FSLR) just has not caught a break. Its stock has been falling continuously for over one year now, hovering around $13 currently. It is unlikely that it has a break coming its way either, as it will likely continue the free-fall all the way to the bottom. Only one year ago it was priced over $100 and almost exactly four years ago was priced over $300. While previous prices have no bearing on current stock prices, seeing these old prices tells us not only where the company has been, but also where it never will be again.The main driver of the decrease in its price is the decrease in the price of solar panels in general. The same force that has made it affordable to install solar panels on houses has also led to a decline in profitability for many solar companies, First Solar included. I thinkComplete Story »
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