Does anyone realize that the $125 umbrella virtually guarantees sold-out solar panels for First Solar
(FSLR)
? Does anyone realize that its peak power solution -- putting panels on top of large scale buildings -- is looking like something that not only doesn't need subsidies but will save a lot of money?
One of the things that has dogged me this last $20 in oil is the problem that First Solar has had getting through $300. Lots of the resistance, even after the great quarter but lowball guidance, is that people feel that First Solar must sell product for less in order to stay competitive.
That's not the point; it's the umbrella factor. Right now, a host of California utilities are trying to figure out how to get out from under some really tough Public Utility Commission rules about how much renewable energy can be bought. This price increase makes it worthwhile for the utilities to start placing orders now.
Remember, with FSLR you are simply adding thin film panels that go right into the power grid and work to give more juice during peak moments like the ones we are about to experience this summer.
The stock finally has legs. I believe that if the stock took out its high, the momentum guys would be all over it and it would quickly tack on a gob of points, punctuated by some very big wins that are coming.
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