First Solar, Inc. (NASDAQ:FSLR) shows a tremendous technical performance (FinancialsTrend)
First Solar, Inc. (NASDAQ:FSLR), a provider of solar energy solutions, had a tremendous technical performance during the past year. Stocks of all solar energy companies have showed an outstanding performance over last year and also traded higher this quarter. However, these companies faced issues such as the falling prices for manufactured solar panels and an abundance of supply. As a result, the weakest competitors get out of the market. Investment in solar energy is very effective as the new technology improves their performance. First Solar, Inc. (NASDAQ:FSLR) is the leading company in the industry because it provides significant value to customers, advanced technology and offers the most efficient solar modules.
First Solar Seeks Licenses for $370 Million Chile Energy Project (BusinessWeek)
First Solar, Inc. (NASDAQ:FSLR), the largest U.S. solar-panel manufacturer by shipments, plans to build a $370 million photovoltaic power plant in the Atacama Desert in northern Chile. First Solar, Inc. (NASDAQ:FSLR) applied for permits for the 162.4-megawatt Luz del Norte project, the Tempe, Arizona-based company said today in a filing with Chile’s environmental licensing agency Servicio de Evaluacion Ambiental. Work is expected to start in June 2014. The project will produce about 480,000 gigawatt-hours of electricity a year, according to the filing. It will have about 1.7 million solar panels.
Miss FSLR’s $46 Secondary But Think It’s A Deal At $32? (Forbes)
Looking back to 33 days ago, First Solar, Inc. (NASDAQ:FSLR) priced a 8,500,000 share secondary stock offering at $46.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Monday, the stock is now 6.2% higher than the offering price. Investors who did not participate in the offering but would be a buyer of First Solar, Inc. (NASDAQ:FSLR) at a cheaper price, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $32 strike, which has a bid at the time of this writing of $4.35.