Is First Solar Burnt Out?
Feb 27th 2013 3:23PM
Updated Feb 27th 2013 4:30PM
Despite a respectable fourth quarter for First Solar , with normalized earnings per share beating estimates by $0.31, the stock sunk 15%. So what was the bad news? In this video, Motley Fool energy analyst Joel South tells us that increased competition from companies that are creating more efficient solar panels, and also competing on cost, are threatening First Solar's dominance in the industry. Margins continue to be pinched, and with project backlogs declining, the future looks rocky.
Investors and bystanders alike have been shocked by First Solar's precipitous drop over the last 12 months, and now the stakes have never been higher for the company. Is it done for good, or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details every must know side of this stock. To get started, just click here now.
The article Is First Solar Burnt Out? originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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