NEW YORK (TheStreet) -- The situation with solar cell manufacturers continues to deteriorate. Since I wrote my article
First Solar expects to produce solar panels in 2017 that have a cost per watt of 40 cents; this represents a significant drop from 65 cents during 2013. LDK and other solar makers will need to forge ahead with lower-cost panels or become stranded in perpetual darkness.
Right now, LDK shareholders don't need to worry about 40 cents per watt production in 2017. Unless LDK can improve margins, profit and win over creditors, there will not be a 2017 for LDK. In my article
First Solar realized some genuine buying at the time of the announcement. However, the company also had over 30% of its shares shorted. The price spike was a catalyst for a unusually tight short squeeze on short sellers. If interested, look to buy First Solar under $30 a share. Buyers above $30 are not properly pricing in the volatility and discounting the impact of natural gas on electric production costs. At the time of publication the author had no position in any of the stocks mentioned. Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.