First Solar Leads These 4 Stocks Hitting 52-Week Lows
In a conference call today, business advisory firm FTI Consulting (NYSE:FCN) reported Q1 earnings per share of 43 cents, falling short of analyst predictions of 61 cents per share. Shares closed short of recent figures. FTI ended the day at $32.05, down $3.06 for the day and outside the 52-week range of $33.46 to $45.00.
There may be an early sunset for solar energy in Germany. On the heels of First Solar’s (NASDAQ:FSLR) recent decision to closing its factory in Germany, legislators in the country’s upper house are at odds with Chancellor Angela Merkel’s government over legislation to slash national solar subsidies. The impasse could mean the measures could be subject to last-minute revisions. Shares of First Solar closed up at $16.92, up 2.3% and within the 52-week range of $16.48 to $142.22.
Oregon-based Lattice Semiconductor (NASDAQ:LSCC) announced that, as of March 2012, it has shipped over one million of its MachXO2 programmable logic devices since the release of the full line at the end of 2011. The success of this launch is the fastest customer adoption of any device family in the company’s nearly 30-year history. Lattice ended the day down slightly, closing at $4.94, or down $0.04. Shares fell within the 52-week range of $4.70 to $7.19.
According to Bloomberg, Deutsche Telekom (DTEGY) is in negotiations to merge its T-Mobile USA unit with MetroPCS Communications (NYSE:PCS). The stock-swap transaction would give Deutsche Telekom control of the combined, still-public entity. Following the report, shares of MetroPCS jumped 20% to $7.83 in early afternoon trading before leveling out to $7.73 at the close. The telecommunications carrier stayed within its 52-week range of $6.38 to $18.79.
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