(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
Apparently, First Solar (FSLR) executives agree with my assessment that their company’s shares are undervalued…and now the company has officially launched its PR campaign to spread the word. After the close of trading, FSLR announced that five executives used their own money to buy company stock:
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As a reminder, FSLR’s current CEO already spent $1M buying company stock at in late February, 2010.
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*Chart created using TeleChart
This news comes directly on the heels of ReneSola’s announcement that it has authorized up to $100M for repurchasing its shares. The evidence of value in the solar industry is rising…
Be careful out there!
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.)
Full disclosure: long FSLR, SOL