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First Solar (FSLR -4.4%) remains in an acquisitive mood: the company has followed up on yesterday's purchase of TetraSun by acquiring a 60MW California solar project. Construction is expected to begin in 2014, and finish in 2015. Shares are lower as investors take profits and analysts throw cold water in the wake of yesterday's huge rally. Raymond James (Market Perform) argues the cost advantage for First Solar's thin-film modules "appears to be gone for good." It should be noted only one firm - Citi - rated First Solar a buy prior to yesterday's epic gains. (150MW project purchase)