First Solar (FSLR) : During the past 4 weeks, traders have been relatively bearish on First Solar (FSLR), hence the stock is down -5.61% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.91% relative to the S&P 500. The 4-week change in the price of the stock is -3.27% and the stock has fallen -5.51% in the past 1 week.
First Solar (NASDAQ:FSLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.14 and $43.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.11, notching a gain of 0.89% for the day. The total traded volume was 4,495,986 . The stock had closed at $43.72 on the previous day.
The stock has recorded a 20-day Moving Average of 6.94% and the 50-Day Moving Average is 8.36%. First Solar, Inc. has dropped 14.85% during the last 3-month period . Year-to-Date the stock performance stands at -33.16%.
First Solar (FSLR) : The consensus price target for First Solar (FSLR) is $62.36 for the short term with a standard deviation of $8.9. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $44.
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.