SPWR dropping in past 45 minutes - why?

Discussion in 'Stocks' started by surfer25, Apr 17, 2008.

  1. Anyone know why this is dropping so heavily in the past 45 minutes?
    Thanks
     
  2. Earnings Conference call ( 10:30AM PST ) and a slight change in the wording of 2009 guidance ( from 40-50% growth, to atleast 40% growth )
     
  3. Thanks for the heads up dude
     
  4. I read that too, but the move seems like a ridiculous reaction for that slight wording change. I wonder if it could be something else?
     
  5. http://www.reuters.com/article/companyNewsAndPR/idUSN1717721220080417

    Solar stocks overall were also hurt by the introduction of a bill in the U.S. Senate that would extend key tax credits for renewables -- but only for one year, Clegg added.

    If you look, FSLR, STP, etc all fell off a cliff same time in the day. I don't think it was SPWR that did this ... must have been something going on with the bill.


    In fact, SPWR guided margins higher (due to decreased input costs) going out into 09. (from tradethenews) This shouldn't bode negatively:

    Today 01:46pm
    SunPower Corporation CEO: Sees polysilicon costs down 10% in 2008; Guides Q3 flat sequentially v $345Me (earlier guided Q2 R$330M-$350M)
    - Says silicon shipments are arriving on schedule,
    - Sees stable average selling prices in Q2, low single digit declines in 2H08, low double digit decline in avg selling prices in 2009
    - Guides gross margin 21-22%in Q208, 30% in Q109
     
  6. Casey30

    Casey30

  7. SPWR sucks anyway

    just buy FSLR
     
  8. Casey30

    Casey30

    Fslr dropped just the same...take a look at the chart...they are probably joined at the hip. never fall in love witht a story or a stock.