First Solar issued lower guidance for FY '12 this morning and the market responded, giving the stock a 20% mohawk and taken to the proverbial WOODSHED.
We have been all over the demise of the solar sector, and todays news is only the tip of the iceberg : (LINK)
Quite honestly, last weeks asset sale should have been a clear signal to get the heck out of the stock if you were long, and go short/puts.:
As of today, Sunpower (SPWR) and First Solar(FSLR) remain the last two solar companies trading above the dreaded $5 level. It will only be a few more months before our bold prediction comes to fruition : (LINK)
Its trades like this that can make your year , and ensure your days are spent trading stocks and not flipping burgers.