First Solar (FSLR) has been under a strong bear grip, hence the stock is down -2.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.2% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.82% in the last 1 week, and is up 4.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
First Solar (NASDAQ:FSLR): The stock opened at $48.43 on Friday but the bulls could not build on the opening and the stock topped out at $48.68 for the day. The stock traded down to $47.34 during the day, due to lack of any buying support eventually closed down at $48.12 with a loss of -0.43% for the day. The stock had closed at $48.33 on the previous day. The total traded volume was 1,677,936 shares.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 0.62%. First Solar, Inc. has dropped 21.81% during the last 3-month period . Year-to-Date the stock performance stands at -27.08%.
First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design, manufacture and sale of solar modules, which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential, commercial and industrial applications, including solar power system project developers, system integrators and solar plant operators, throughout the Americas, Asia, Australia, the Middle East and Africa.