Key Analyst Upgrades This Week Thursday, August 26, 2:54 PM ET, by Market News Video Staff On Monday, UBS (UBS) upgraded shares of First Solar (FSLR) from neutral to buy as ...
Solar is Heating Up Wednesday, September 8, 1:04 PM ET, by Market News Video Staff The Market Vectors Solar Energy ETF (KWT) has been heating up in the last three ...
Trina Solar Helps Lift the Guggenheim Solar ETF Wednesday, September 29, 12:50 PM ET, by Market News Video Staff Shares of Trina Solar (TSL) are up nearly 7% this morning after Soleil Securities initiated ...
First Solar a Key Component in Guggenheim Solar ETF Monday, October 4, 10:59 AM ET, by Market News Video Staff Over 13% of the Guggenheim Solar ETF (TAN), formerly the Claymore MAC Global Solar Energy ...
Guggenheim Solar ETF Makes Moves Monday, October 11, 11:03 AM ET, by Market News Video Staff The Guggenheim Solar ETF (TAN), formerly the Claymore/MAC Global Solar Index, is making moves today. ...
By Market News Video Staff, Thursday, October 28, 8:02 PM ET
After the closing bell on Thursday, First Solar (NASDAQ:FSLR) reported strong third quarter earnings of $176.9 million, or $2.04 per share, easily topping Wall Street estimates. But investors in the after-hours market were less than thrilled by the results, focusing on the $550 to $600 million in capex spending the company expects, more than double the amount for 2009. Shares of FSLR were off almost 7% late Thursday and could fall more tomorrow morning.
A number of ETFs consider First Solar one of their top holdings, and these ETFs could open sharply lower tomorrow. ETFs to watch include the Guggenheim Solar ETF (AMEX:TAN) with 13.4% of its portfolio in FSLR, the Market Vectors Global Alternatve Energy ETF (AMEX:GEX) with 10.2% of its portfolio in FSLR and the Market Vectors Solar Energy ETF (AMEX:KWT) with just under 10% of its portfolio in FSLR. For a full list of ETFs holding First Solar, visit the ETFs Containing FSLR page.
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