Here Is What Hedge Funds Bought And Sold In The Q1 Chaos: Full 13F Summary
Saturday, 16 May 2020, 17:00:00
Here Is What Hedge Funds Bought And Sold In The Q1 Chaos: Full 13F Summary Tyler Durden Sat, 05/16/2020 – 13:00 Amid a selling panic that at times surpassed the liquidation observed during both the financial crisis and the great depression, hedge funds were either paralyzed watching their P&L collapse or were busy selling as sentiment vaporized, and has yet to come back as the near record-low hedge fund beta to the S&P indicates… … but a handful bucked the trend, and loaded up on what BofA has dubbed a “reopening portfolio” of so-called quaratine stocks. As a result stocks such as Netflix, Peloton (which Citron infamously said to short just two months ago much to the amusement of the ” Peloton girl”), Amazon.com and Zoom were some of the most sought-after names in the first quarter, according to the latest round of 13F filings, with investors such as Jim Simons, Stan Druckenmiller, George Soros and Philippe Laffont all piling into these stocks. It was a good trade: each of the four stocks has soared double-digits as people hunkered down and reverted to television binging, at-home workouts, online shopping and video chatting.
— Zero Hedge
First Solar (FSLR) Beats on Q1 Earnings, Suspends 2020 View
Friday, 8 May 2020, 14:34:00
First Solar (FSLR) reports an operating income of $1.65 million for the first quarter of 2020, primarily attributable to a significantly higher gross profit.
— Zacks Investment Research
First Solar Keeps Factories Running During Pandemic but Pulls 2020 Guidance
Thursday, 7 May 2020, 22:40:00
First Solar withdrew most of its 2020 guidance on Thursday despite saying it has not yet felt a major business impact from the global coronavirus pandemic, highlighting the uncertainty facing the global solar market. First Solar executives said that plans to sell the company’s solar-project development business could be delayed as a result of the difficulty of deal-making in the current climate. In February First Solar, the only U.S.-based PV manufacturer among the top 10 globally, said it expected net sales of as much $2.9bn this year and earnings per share of up to $3.75, as it approaches the finish line its multi-year shift to its new Series 6 thin-film modules. That guidance is now gone. Solar module prices are under growing pressure around the world as the market moves further into an oversupply situation. While many PV manufacturers have reopened their factories in the wake of the initial coronavirus outbreak, key solar markets are expected to be flat or even shrink this year amid construction delays, difficult financing conditions, and depressed power demand. “The biggest impact we’re having around guidance is the uncertainty of the capital markets,” First Solar CEO Mark Widmar told analysts on a conference call discussing the company’s first-quarter earnings results.
— Green Technology
First Solar (FSLR) Tops Q1 Earnings Estimates
Thursday, 7 May 2020, 21:45:05
First Solar (FSLR) delivered earnings and revenue surprises of 254.17% and -4.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
— Zacks Investment Research
Geronimo Energy, First Solar Sign 415MW Series 6 Framework Supply Agreement
Wednesday, 6 May 2020, 12:15:00
Deal grows Geronimo-First Solar relationship to over 1.4GWDC of systems and technology sales TEMPE, Ariz., May 06, 2020 (GLOBE NEWSWIRE) — First Solar,…