"First Solar (FSLR) is making a $1.2 billion investment into expanding its factory footprint in the U.S., providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce America’s reliance on Chinese supply chains.
The largest solar manufacturer headquartered in the U.S., First Solar plans to invest $1 billion in a new fully vertically integrated factory based in the Southeast and an additional $185 million for upgrading and expanding its existing footprint in northwest Ohio.
The move allows the company to expand its solar capacity in the U.S. to 10 gigawatts over the next three years — enough to produce a solar panel every 1.6 seconds, according to First Solar CEO Mark Widmar." Let's see if Greatech secures more orders from First Solar.
Since the release of the qtr results the share price has dropped abt 11% which is not too bad when the other tech stocks also dropped that much. I believe many still believe the future of Greatec is still bright and many of its shareholders are still keeping the shares.
2 days ago when the Dow was crashing it was written somewhere that Greatec is likely to sign supply contract(s) worth RM500 mil in 2022. This news must be real then, looking at how much the price has run up today.
Any update on the new factory estimate to be ready in Q2? If factory is ready, the revenue/profit will increased tremendously as economy of scale kicks in!
Wong also noted that the ringgit had weakened significantly against the greenback, which provides some buffer or downside support to tech companies’ earnings (who are mostly exporters).
He added that the supply chain reconfiguration as a result of the trade diversion due to the US-China trade war may be positive to selected Malaysian tech companies and boost their sales order volume.
Fund managers contacted by StarBiz opined that the sell-off in tech-related stocks on Bursa Malaysia this year may have been overdone and a rebound might be on the cards soon.
The most compelling stories can create the most overvalued stocks. If you add low interest rates to the mix, you have the perfect recipe for a bubble. Focus on the fundamentals of the business, and remember no stock is worth an infinite price, no matter how good it is.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
winwin88888888
330 posts
Posted by winwin88888888 > 2022-08-29 13:43 | Report Abuse
Hopefully, it will strike up today~