First Solar, Inc. (NASDAQ: FSLR) is in a spot where it cannot win. That is certainly what the stock is telling you at any rate. It is sad if you pull up the negative headline flow covering just the last two days from Yahoo! Finance:
- First Solar: S&P Intraday Laggard (at TheStreet)
- The Real Reason First Solar is Dimming (at Motley Fool)
- First Solar making global cuts, Perrysburg facility safe for now (at bizjournals.com)
- Seriously, This Stock Is Headed for Single Digits (at Motley Fool)
- The Profitless Solar Growth Story (at Seeking Alpha)
Sadly, those are not even the end of the bad headlines. First Solar even hit yet another 52-week low today and the stock is down almost 7% at $25.75 on almost twice-normal trading volume. The prior 52-week trading range was $27.50 to $163.00.
First Solar is also deep into Department of Energy loan guarantees as well, which means that the taxpayers could be on the hook if the worst case scenario comes about.
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