Shares of First Solar (FSLR) Sees Large Inflow of Net Money Flow

First Solar (FSLR) stock had a bullish inflow of $19.16 million worth of trades on uptick and an outflow of $13.46 million in downticks on Friday. The total uptick to downtick ratio stood at 1.42. The net money flow into the stock was $5.7 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $6.45 million. $6.45 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, First Solar (FSLR) stock traded down $0.21 , and reached $48.12, a drop of -0.43% over the previous day. On a weekly basis, the stock is 0.82%, over the previous weeks close.


First Solar (FSLR) : The most positive equity analysts on First Solar (FSLR) expects the shares to touch $89, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $67.54 with an expected fluctuation of $11.56 from the mean.

First Solar (NASDAQ:FSLR): On Fridays trading session , Opening price of the stock was $48.43 with an intraday high of $48.68. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.34. However, the stock managed to close at $48.12, a loss of 0.43% for the day. On the previous day, the stock had closed at $48.33. The total traded volume of the day was 1,677,936 shares.

In a related news, The Securities and Exchange Commission has divulged that Hughes James Alton, director officer (Chief Executive Officer) of First Solar, Inc., had unloaded 12,884 shares at an average price of $55.53 in a transaction dated on May 2, 2016. The total value of the transaction was worth $715,449.

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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