Large Outflow of Money Witnessed in First Solar

First Solar (FSLR) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.26 million) in First Solar (FSLR). On Wednesday, The value of composite uptick trades was $22.35 million, whereas, the value of composite downtick trades was $26.62 million and the ratio between the two was 0.84, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.14 million. The negative money flow of ($3.14 million) shows selling on strength. First Solar (FSLR) gained $0.05 intraday at $39.14 and registrered 0.13% for the week.

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Shares of First Solar, Inc. rose by 14.84% in the last five trading days and 3.96% for the last 4 weeks. First Solar, Inc. has dropped 18.74% during the last 3-month period . Year-to-Date the stock performance stands at -40.78%.

First Solar (FSLR) : 17 analysts are covering First Solar (FSLR) and their average rating on the stock is 2.18, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

First Solar (NASDAQ:FSLR): stock was range-bound between the intraday low of $38.24 and the intraday high of $39.6692 after having opened at $39.01 on Wednesdays session. The stock finally closed in the red at $39.01, a loss of -0.03%. The stock remained in the red for the whole trading day. The total traded volume was 3,294,809 shares. The stock failed to cross $39.6692 in Wednesdays trading. The stocks closing price on Thursday was $39.09.

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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