FIRST SOLAR (FSLR) PLUNGES ON CEO RESIGNATION
First Solar (FSLR) stock is down $13.00 on a report that its CEO has resigned. The Chairman of First Solar will take over as interim CEO.
The resignation at First Solar appears to be related to customer’s demanding heavy discounts on First Solar products. Demand for First Solar products also appears to be dwindling.
It is rumored that First Solar will soon lay off 10% of its work force.
If and when six screens of the ZYX Change Method are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX Buy Change Alert.