It is not often that positive guidance can drive a stock by nearly 50% in a single day, but remarks made by First Solar had precisely that impact. The news bodes well for the industry, and the company is not resting, but aggressively pursuing the add-ons it needs to succeed. After such a big run, you must ask yourself if this is only the beginning or is it rather a blip that will soon be corrected.
In the video below, Fool.com contributor Doug Ehrman discusses the most important elements of the company's announcements and where the stock may go from here.
Investors and bystanders alike have been shocked by First Solar's precipitous drop over the past two years. The stakes have never been higher for the company: Is it done for good, or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, The Motley Fool has created a brand-new report that details every must know side of this stock. To get started, simply click here now.
The article First Solar Rockets Over the Moon to the Sun originally appeared on Fool.com.
Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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