First Solar, Inc. (FSLR): Great Progress On All Fronts?

The stock of First Solar, Inc. (NASDAQ:FSLR) has been Reiterated to Overweight by JP Morgan in its latest research note that was published on May 06. FSLR has given a price target of $72 by JP Morgan, with other Wall Street analysts also giving their reports regarding the stock. Goldman analysts bumped their recommendation on FSLR stock from Neutral to Buy in a separate flash note to investors on January 03. Analysts at Miller Tabak issued an upgrade fromHold to Buy for the stock, in a research note that dated back to December 17.

First Solar, Inc., which has current market capitalization of above $7 Billion, published its last quarter earnings on June 30, 2019.

FSLR surged by $0.91 during the normal trading session on Thursday and reaching a high of $64.22 during the day while it closed the day at $62.23. The First stock had a high trading volume of 1.03 million shares on that day, which is high compared to the average daily volume of 1.02M shares. FSLR has also lost 0.95% of its value over the past 7 days. However, the stock has surged by 0.13% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.31% while it has added 46.58% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -10.12% from its 3 months high price. However, taking another look at FSLR will indicate that it is trading +6.25% away from its 90-day low. Looking at the bigger picture, the First Solar, Inc. stock has dropped by -10.12% from its 52-week high while it has surged by +70.45% from its 52-week low price.

On August 30, 2019 ANTOUN GEORGES, Chief Commercial Officer sold 8476 shares of the company. The average price for that transaction was $61.83 per share, which meant that ANTOUN GEORGES earned $524071.1 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, KENNEDY R CRAIG selling 1800 shares of this stock on August 06, 2019. The average selling price for the stock was $62.55 per share, with the sold stock accruing $112590. Following this transaction, the Director KENNEDY R CRAIG now holds 0 shares of the company, which is worth around $0.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 34.32%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 57.79%. Over the past 20 days, First’s Stochastic %K stood at 64.79% while its Stochastic %D was revealed to be 63.24%.