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OklaBoston (67.09)

FSLR

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May 25, 2010 – Comments (2)

I investigated this stock when an alert told me that one of my favorite players ended an "Outperform" pick on it yesterday.

I concluded that this stock is one I should remain neutral on for now. Finance.yahoo.com tells me it has 37% insider ownership, which I find very attractive, and it's a "green" business, which I approve of on general principle. But the Fair Value Calculator at at htp://www.gurufocus.com says it's already used up most of it's upside potential, having a fair value only 15% higher than the price it's currenly trading at. 

It's book value/share is at a 10 year high, and it's most recent quarterly earnings statement puts it on a pace to top it's 10 year earnings record for the full fiscal year, which makes it a stock I wouldn't want to go short on, but 15% is not sufficient upside potential to tempt me to the long side on it either. 

On the charts it looks to be on a downtrend price-wise, but it will have to go down to around $90/share to give me much interest in going long. 

 

2 Comments – Post Your Own

#1) On May 25, 2010 at 11:59 AM, OklaBoston (67.09) wrote:

I want to apologize for a mistake I made in the first sentence of the above post. I should have said "opened" rather than "ended" there.

The conclusions I came to about the stock haven't changed any, however. 

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#2) On May 25, 2010 at 12:28 PM, patternpro (< 20) wrote:

solar stocks will stay under pressure as long as oil and stocks in general continue to deflate. I think solar plays are going to pay off big. Just not for a while and i could see the sector getting hit hard in the next year. but nuclear, solar, are going to be big.  NLR, KWT are some market vectors baskets for nuclear and solar if you don't want to pick individual names. buy lower or average in.   good luck

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