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Serge Berger: First Solar shines out
Shares in First Solar Inc. plunged after the firm reported earnings last week. The stock lost almost 13 percent of its value. However, Serge Berger is encouraged by the company's bullish recovery, which made up the losses within a day. The group as a whole has been performing well over the last year according to Serge and he's looking for further highs.
First Solar has focussed on building large scale projects in the United States. Sales fell almost 30 percent to $768 Million in Q4.
Serge Berger, from the steady trader.com, suggests a buy at $58.50. Target: $65.00 and a stop at $55.00.
00:58 minutes
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