Stock Alert: FSLR, SCTY, SPWR
by Harris Roen Editor
Roen Financial Report
Thursday, February 25, 2016
Today’s Alert:
First Solar, Inc (FSLR)
SolarCity Corp (SCTY)
SunPower Corp (SPWR)
Tremendous gains in solar stocks yesterday as investors buy at the bottom.
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| First Solar stock surges 12% on large volume after releasing a positive earnings report. Annual earnings came in at $5.37 per share, which was at the high end of analyst estimates. FSLR is now up 19% for the year, and is within 6% of its high reached in 2014. | The Street |
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| SolarCity gains 5% on news of a shakeup in rival SunEdison (SUNE). This could increase business opportunities for SolarCity, including installation capacity and residential solar assets. SCTY remains down 64% for the year, and is 78% below its highs reached in 2014. | Motley Fool |
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| SunPower Corporation jumps 11%, bouncing off a low last week. The technical chart shows a compressing saw-tooth trend, with lower highs, and higher lows going forward. SPWR is down 31% for the year, though we still consider the stock to be Overvalued. | Google finance |
DISCLOSURE
Individuals involved with the Roen Financial Report and Swiftwood Press LLC owned or controlled shares of SUNE, SCTY. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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