I'd be very careful if I were long. Failure to close sbove the $317.00 all time high would not be a good portent. It's got nothing to do with the company, just the way the solar stocks have been acting after earnings reports. Last I saw, FSLR was up $15.00 pre-market, not as much oomph as the $30.00 pop after-hours yesterday.
From the AP via Yahoo Finance:
Ahead of the Bell: Analysts bullish on First Solar, but concerns with US market persist
Two solar industry analysts on Thursday raised their targets on First Solar Inc. after the company posted strong second-quarter numbers, but another analyst tempered that enthusiasm because of uncertainties in the U.S. market....
...The earnings report prompted Lazard Capital Markets analyst Sanjay Shrestha to up his price target from $350 to $400 and his 2008 earnings per share estimate from $3 to $3.95, citing the company's ramp up, efficiency and throughput gains and a lower cost per watt in Malaysia....MORE