Today’s top loser wasn’t Phillips 66 (NYSE:PSX) or Best Buy Co., Inc. (NYSE:BBY), however. With shares down 7.7%, First Solar, Inc. (NASDAQ:FSLR) took that award. The stock exploded to the tune of a 46% gain yesterday on the back of its announced acquisition of TetraSun and optimistic earnings outlook. If nothing else, today’s drop is a reactionary check to yesterday’s gains, but that shouldn’t shake your opinion of the stock. What First Solar, Inc. (NASDAQ:FSLR) did yesterday could dramatically improve its future. The company will still need to adapt to TetraSun’s silicon solar cell technology as it looks to expand into a new market, but it’s a step in a bold, new direction for this company.
The article Today’s 3 Worst Stocks originally appeared on Fool.com and is written by Dan Carroll.
Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Chevron.
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