First Solar (FSLR) Shares are Up 1.73%

First Solar (FSLR) has been under a strong bear grip, hence the stock is down -13.33% 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 1.22% in the past 1 week. The stock has risen by 1.73% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.44% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 12.95%.The 200 Day SMA reached 32.24%. First Solar, Inc. has dropped 23.87% during the last 3-month period . Year-to-Date the stock performance stands at -42.14%.


First Solar (NASDAQ:FSLR): The stock opened in the green at $38.49 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $39.089 and a low of $38.11 for the day. The stock did not find buyers even at the lows and closed at $38.18 recording a loss of -0.68%. 2,501,218 shares exchanged hands during the trading day. The stock had closed at $38.44 in the previous days trading.

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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