First Solar (FSLR) Rises As Short Seller Books His Gains
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Shares of First Solar, Inc. (Nasdaq: FSLR) are on the rise Wednesday after noted hedge fund manager David Einhorn said his Greenlight Capital fund is no longer short the stock.
In a letter to clients, Einhorn said they closed out their short position for big gains. In fact, the short sale was one of the most profitable in the history of the firm, they said.
Shares of First Solar have collapsed along with solar panel prices. In addition, the Solyndra scandal hurt the company with the DoE denying some subsides to First Solar.
Shares of First Solar are up 5 percent today.
In a letter to clients, Einhorn said they closed out their short position for big gains. In fact, the short sale was one of the most profitable in the history of the firm, they said.
Shares of First Solar have collapsed along with solar panel prices. In addition, the Solyndra scandal hurt the company with the DoE denying some subsides to First Solar.
Shares of First Solar are up 5 percent today.
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