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 (3.28 million) in First Solar (FSLR). On Tuesday, The value of composite uptick trades was $15.43 million, whereas, the value of composite downtick trades was $18.71 million and the ratio between the two was 0.82, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.81 million. The negative money flow of ($3.81 million) shows selling on strength. First Solar (FSLR) gained $0.66 intraday at $38.25 and registrered 1.76% for the week.
Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on First Solar (NASDAQ:FSLR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs lowers the price target from $67 per share to $58 per share. The rating by the firm was issued on August 16, 2016.
Shares of First Solar, Inc. appreciated by 2.14% during the last five trading days but lost 19.27% on a 4-week basis. First Solar, Inc. has dropped 23.61% during the last 3-month period . Year-to-Date the stock performance stands at -42.04%.
First Solar (NASDAQ:FSLR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.50 and $37.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.25, notching a gain of 1.76% for the day. The total traded volume was 2,310,499 . The stock had closed at $37.59 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Bradley Alexander R., officer (Chief Financial Officer) of First Solar, Inc., had unloaded 566 shares at an average price of $43.77 in a transaction dated on August 9, 2016. The total value of the transaction was worth $24,774.
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.