Shares of First Solar (FSLR) Rally 4.67%

First Solar (FSLR) has been under a strong bear grip, hence the stock is down -5.75% 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 3.13% in the past 1 week. The stock has risen by 4.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.63% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.7% and the 50-Day Moving Average is 2.12%.

First Solar (NASDAQ:FSLR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.59 and $46.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.73, notching a gain of 0.80% for the day. The total traded volume was 2,027,504 . The stock had closed at $47.35 on the previous day.


The company Insiders own 0.4% of First Solar shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -35.81% . Institutional Investors own 57.2% of First Solar shares. During last six month period, the net percent change held by insiders has seen a change of -33.73%. In a related news,The director officer (Chief Executive Officer) of First Solar, Inc., Hughes James Alton sold 12,884 shares at $55.53 on May 2, 2016. The Insider selling transaction had a total value worth of $715,449. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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