Traders Bid Up First Solar (FSLR) Despite Mixed Jefferies Comments

June 28th, 2011

Shares of First Solar (FSLR) continue to hang in around the $120 level and today got a much needed jolt higher above that level with volume. The move is a little surprising considering Jefferies came out with cautious comments on the company saying they believe they will lower guidance when they report earnings in August. Jefferies lowered Q2 estimates from $.94 to $.90 (below consensus of $1.00).

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