Unlike last quarter's guidance report, the Company is reducing 2013 full-year net sales because it expects to sell two system projects after completion, delays in government approvals, higher expected higher operating expenses, and costs related to the above mention shelf offering. In other words, today isn't nearly as sunny as the day after last quarter's report.

On a brighter note, First Solar is the one to catch in this space, and it doesn't appear any of the others have their running shoes on. Yingli Energy Holding's ( YGE) shares have moved off the bottom, but the company is losing money. LDK Solar ( LDK) is officially on my death watch. LDK is so pathetic that the stock makes Lotto ticket buyers appear to be exemplary stewards of capital allocation.

Bottom line: Expect First Solar to be trading for less than $40 by the end of this week.

At the time of publication, Weinstein had no positions in stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

If you liked this article you might like

3 'Orphan Stocks' to Consider Adopting

Alaska Air, Corcept Therapeutics, First Solar: 'Mad Money' Lightning Round

Markets Focus on Business: Cramer's 'Mad Money' Recap (Monday 8/28/17 )

First Solar Warms Up

First Solar Awarded 241MW Supply Contract for Edify Energy