First Solar (FSLR) NewsBite - JA Solar (JASO) Earnings Lift FSLR
Posted: Tuesday, November 10, 2009 9:57 AM EDT
By: Market Intelligence Center Staff
First Solar (NasdaqNM: FSLR) opened at $120.59. So far today, the stock has hit a low of $119.28 and a high of $123.33. FSLR is now trading at $123.33, up $3.83 (3.21%). Over the last 52 weeks the stock has ranged from a low of $85.28 to a high of $207.51. FSLR shares are rising with other solar stocks after JA Solar (JASO) reported a third-quarter profit of $15.7 million, or 10 cents per share, beating analysts' forecasts of 3 cents per share. Technical indicators for the stock are neutral and S&P gives FSLR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FSLR the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 90 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE First Solar (FSLR) Stock ReportSee what our analysts have uncovered about First Solar (FSLR).