Large Inflow of Money Witnessed in First Solar

First Solar (FSLR) : First Solar (FSLR) had a healthy money flow of $4.42 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $26.01 million, whereas, investors only sold shares worth $21.59 million on downticks. The stock closed the day with an up-down ratio of 1.2.The money flow in the block trades to the tune of $5.87 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $10.08 million worth of transactions were on upticks. A paltry $4.21 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.39. First Solar (FSLR) stock slid $2.95 intraday and traded at 46.18, a change of -6% over previous days close. However, for the week, the company shares are -4.76% compared to previous weeks close.


First Solar (FSLR) : The consensus price target for First Solar (FSLR) is $72.14 for the short term with a standard deviation of $9.36. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $89, however, the pessimist price target for the company is $51. The stock has recorded a 20-day Moving Average of 8.08% and the 50-Day Moving Average is 11.5%.

First Solar (NASDAQ:FSLR): The stock opened at $47.50 on Thursday but the bulls could not build on the opening and the stock topped out at $47.62 for the day. The stock traded down to $44.06 during the day, due to lack of any buying support eventually closed down at $44.34 with a loss of -9.75% for the day. The stock had closed at $49.13 on the previous day. The total traded volume was 10,446,733 shares.

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.

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