Movers to Watch: First Solar, Inc. (NASDAQ:FSLR), Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP)

On Tuesday, Shares of First Solar, Inc. (NASDAQ:FSLR), included 0.95% and shut at $29.66 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $29.29 and $30.00. First Solar, Inc. (FSLR) recently declared an acceleration of Series 6 production into 2018, with about 3 Gigawatts of production expected in 2019. Over the course of 2017 and 2018 the Company’s existing production facilities will be converted to Series 6 production and the current Series 4 product will be phased out. As a result of the change in roadmap the Company will cancel its Series 5 product.

“The acceleration of the Series 6 roadmap is an important development for First Solar,” said Mark Widmar, CEO of First Solar. “Following the completion of an internal review process to evaluate the best competitive response to address the current challenging market conditions, we have developed plans that will facilitate us to more quickly begin production of our Series 6 module. Although the decision to accelerate our Series 6 roadmap requires a restructuring of our current operations, we expect the transition to Series 6 will facilitate us to maximize the intrinsic cost advantage of CdTe thin-film technology as compared to crystalline silicon. Recent steep module pricing declines require us to evaluate all components of our cost structure and streamline our business model to best position the Company for long-term success.”

Shares of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP), subtract -0.92% and shut at $41.87 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $41.56 and $42.50. The association’s commercial center capitalization is $20.95 Billion with the general uncommon loads of 51.17 million. Ctrip.com International, Ltd. (CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel administration in China, will declare its third quarter 2016 results on Wednesday, November 23, 2016, U.S. Time, after the market closes.

Ctrip’s administration team will host a conference call at 7:00PM U.S. Eastern Time on November 23, 2016 (or 8:00AM on November 24, 2016 in the Shanghai/Hong Kong Time) following the declarement.

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