Volume Spike: First Solar Spanking (FSLR)

Posted in General 
February 25th, 2009

First Solar, Inc. (NASDAQ: FSLR) originally traded up after essentially blowing away its earnings expectations for Q4-2008.  But the company said that the near term has never looked more challenging.  This has shares down over $20.00 from the after-hours highs seen before guidance-light was issued.  This closed up at $137.68 yesterday, then went as high as about $143.00 in after-hours.  But after its comments, shares tanked.  At 8:57 AM EST we have seen 500,000 shares trade hands without the market even being open yet.   Shares are printing between $114 and $115 on the tape at 8:57 AM EST.

JON C. OGG

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