First Solar Shares Rise Despite Downgrade to Sell

Research firm Ticonderoga has turned bearish on solar power company First Solar (NASDAQ:FSLR), formerly one of the industry’s highfliers.  Ticonderoga downgraded the company to Sell.  Reports on the downgrade cited “sharply lower revenue expectations for 2011 and [stating] bluntly in their press release that ‘the hitherto expected year-end rally does not appear to be materializing.’”

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Following is some stock price performance information for the company and some of its competitors.

  • First Solar, Inc. (NASDAQ:FSLR): The shares recently traded at $56.89, up $0.98, or 1.75%, on the day.  The shares have traded in a 52-week range of $53.05 to $175.45 and its market capitalization is $4.86 billion.  About the company: First Solar, Inc. designs and manufactures solar modules.  The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
  • SunPower Corporation (NASDAQ:SPWRA): The shares recently traded at $8.80, up $0.56, or 6.8%, on the day.  The shares have traded in a 52-week range of $6.60 to $23.36 and its market capitalization is $881.46 million.  About the company: SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
  • Suntech Power Holdings Corp. (NYSE:STP): The shares recently traded at $2.47, up $0.20, or 8.81%, on the day.  The shares have traded in a 52-week range of $1.70 to $10.83 and its market capitalization is $444.97 million.  About the company: Suntech Power Holdings Company Ltd. produces solar cells.  The Company designs, develops, manufactures and markets a variety of photovoltaic cells and modules.  Suntech Power is based in China.
  • Trina Solar Limited (NYSE:TSL): The shares recently traded at $7.28, up $0.48, or 7.06%, on the day.  The shares have traded in a 52-week range of $5.28 to $31.89 and its market capitalization is $578.03 million.  About the company: Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots, cells, and modules.  The Company’s solar modules provide environmentally-friendly electric power for residential, commercial, industrial, and other applications worldwide.
  • LDK Solar Co. Ltd. (NYSE:LDK): The shares recently traded at $3.51, up $0.14, or 4.15%, on the day.  The shares have traded in a 52-week range of $2.55 to $15.10 and its market capitalization is $508.82 million.  About the company: LDK Solar Company, Ltd. manufactures multicrystalline solar wafers.  The Company sells multicrystalline wafers globally to manufacturers of photovoltaic products including solar cells and solar modules.  Solar wafers are the principal raw material used to produce solar cells which convert sunlight into electricity.

(Note: Selected fianncial

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