Goldman Sachs (NYSE:GS) said while maintaining their "Buy" on First Solar (Nasdaq:FSLR), they're raising their price target from $155 to $165, citing a couple of new manufacturing plants coming online in 2012.
One of the plants will be based in the U.S., while the other will be in Vietnam.
First Solar has pricing power in thin-film solar panels which compete against silicon modules, which should last for some time.
Goldman marked-to-market USD/EUR to $1.40 from $1.30, increased ASPs +$0.01
higher to $1.35 for FY11, and added the the new capacity in 2H'12. Consequently they increased their earnings per share projections for 2011 from $9.00 to $9.40 and for 2012 from $10.75 to $11.
First Solar closed Friday at $144.56, gaining $2.29, or 1.61 percent.
Showing posts with label Nasdaq. Show all posts
Showing posts with label Nasdaq. Show all posts
Monday, October 18, 2010
Monday, October 13, 2008
Dow Jones in Largest Point Gain in History
The Dow Jones Industrial Average surged up by 936 points Monday, the largest gain in the history of the index. As far as percentage goes, the 11 percent upward move was the second-largest in the history of the Dow, and the largest since March, 1933.
Much of the positive move is credited to the Treasury Department giving out some details on the proposed "rescue plan." Of course the horrible performance of the Dow last week guaranteed there would be a significant rebound soon. Still, it was an impressive move by any standard of measure.
Another significant factor in the record-breaking upswing was early announcements that banks in Europe would start investing in troubled banks as well. The groundswell spread from there.
The Dow closed the session at 9387.61. Also enjoying he up day was the S&P500 Index, which swelled by 11.6 percent, ending the day up by 104 points.
The Nasdaq also moved up at similar levels, finishing the day up 195 point, or 11.8 percent.
While everyone was exuberant over the news, we do have to realize that the market is going to go up and down in large swings over the near term, and will have to get used to that as a temporary way of economic life.
Much of the positive move is credited to the Treasury Department giving out some details on the proposed "rescue plan." Of course the horrible performance of the Dow last week guaranteed there would be a significant rebound soon. Still, it was an impressive move by any standard of measure.
Another significant factor in the record-breaking upswing was early announcements that banks in Europe would start investing in troubled banks as well. The groundswell spread from there.
The Dow closed the session at 9387.61. Also enjoying he up day was the S&P500 Index, which swelled by 11.6 percent, ending the day up by 104 points.
The Nasdaq also moved up at similar levels, finishing the day up 195 point, or 11.8 percent.
While everyone was exuberant over the news, we do have to realize that the market is going to go up and down in large swings over the near term, and will have to get used to that as a temporary way of economic life.
Thursday, October 9, 2008
Bottom Continues to Fall Out of Dow, Plunges to 5-year Low
Today's performance of the Dow Jones industrial average capped off the worst yearly performance in 34 years as the 679 point drop brings the total since last October 9 to a 5,585 point loss, or 39.4 percent. Last year on the same day the Dow stood at 14,164.53 at the end of the session. Today's drop was over 7 percent, finishing at 8,579.19.
The Standard & Poor's 500 index didn't fare any better as it also dropped by over 7 percent for the day, finishing the session down by 75.02, falling to 909.92.
Investor's nerves continue to be on edge as every negative announcement causes huge selloffs in the market. Today the main impetus was the announcement by a credit--rating agency that Ford and General Motors may have their ratings cut, which would tighten credit for them even more.
The Dow isn't making the type of history it would wish, as the decline of 2,371 points for the last seven sessions is the worst drop for that time period in history. Percentage-wise, the fall of 20.9 percent is the worst since the seven days ending on October 26, 1987, where the fall was 23.8 percent of the Dow. That seven-day period included the infamous Black Monday of October 19, 1987, where the Dow plunged by 23 percent in one day.
Also falling significantly, but not as much as the other major indices were the Nasdaq composite index, which dropped to 1,645.12; a 5.5 percent, or 95.21 decline. For the Russell 2000 index, it performed the worst according to percentages, as it fell by 8.7 percent to 499.20, a 47.37 drop.
The major refuges for investors has been short-term Treasurys, where most people are just looking to preserve their capital. Gold, as usual in times like these, has started an upward move as the economic news gets grimmer. It did go as high as $925 tonight, although after hours at about 10 p.m. EST it has fallen back to almost $914 an ounce.
The Standard & Poor's 500 index didn't fare any better as it also dropped by over 7 percent for the day, finishing the session down by 75.02, falling to 909.92.
Investor's nerves continue to be on edge as every negative announcement causes huge selloffs in the market. Today the main impetus was the announcement by a credit--rating agency that Ford and General Motors may have their ratings cut, which would tighten credit for them even more.
The Dow isn't making the type of history it would wish, as the decline of 2,371 points for the last seven sessions is the worst drop for that time period in history. Percentage-wise, the fall of 20.9 percent is the worst since the seven days ending on October 26, 1987, where the fall was 23.8 percent of the Dow. That seven-day period included the infamous Black Monday of October 19, 1987, where the Dow plunged by 23 percent in one day.
Also falling significantly, but not as much as the other major indices were the Nasdaq composite index, which dropped to 1,645.12; a 5.5 percent, or 95.21 decline. For the Russell 2000 index, it performed the worst according to percentages, as it fell by 8.7 percent to 499.20, a 47.37 drop.
The major refuges for investors has been short-term Treasurys, where most people are just looking to preserve their capital. Gold, as usual in times like these, has started an upward move as the economic news gets grimmer. It did go as high as $925 tonight, although after hours at about 10 p.m. EST it has fallen back to almost $914 an ounce.
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