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Wednesday, February 13, 2008

Who sold First Solar?

Yesterday, FSLR was hammered going into the close as the "smart money" was selling before earnings. Today the stock is trading up 37 points, as FSLR trounced numbers.

The highlight of Applied Materials conference call yesterday was the growth in solar business. The highlight in today's market will be the solar stocks. When the presumptive Republican nominee, John McCain was touring California last week with Schwarzenegger, he visited the solar companies..

Obama, who is known for his rhetoric, appropriately loves wind power, and is also a fan of solar.

So the momentum boys have their day in the sun.

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