First Solar (FSLR) shares soared more than 45% last Tuesday, hitting a new 52 week high and triggering circuit breakers on the way up. The company issued bullish earnings guidance for the year at its Analyst Day of $4.00 to $4.50 per share, with annual revenues between $3.8 and $4 billion, which was significantly higher than the street consensus. The stock is a heavily shorted name, so the good news caused a massive short squeeze.
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