No Shine in First Solar (FSLR)
Posted in General, pre-marketAugust 17th, 2009
First Solar Inc. (NASDAQ: FSLR) is down after a Barron’s report said that its recent earnings gain came on the heels of aggressive accounting. This has already been defended by Jefferies this morning, with a reiterated BUY rating. But the damage is done and shares are down on what is still rather light trading volume. This stock is down 4.5% at $135.40 on 53,000 shares as of 8:42 AM EST. Average volume is over 3.5 million shares, so volume is not likely to strong until after 9:15 AM EST at this point. -JON OGG
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