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Usually when the Relative Strength Index (RSI) goes below 30, it is a good time to consider buying.
Never perfect, and totally ignore what is happening in any sector. But if the market stabilizes, FSLR could do do a trend reversal, imo.
FSLR is approaching a long term Double Bottom
Investing in Solar Energy Stocks:
https://www.fool.com/investing/stock-market/market-sectors/energy/solar-energy-stocks/
First Solar (NASDAQ:FSLR) is a global leader in developing solar energy solutions. It develops, manufactures, and sells advanced solar modules.
One thing that sets First Solar apart from other solar panel makers is its focus on manufacturing a proprietary advanced thin-film module. In less than ideal conditions such as low light and warm weather, these panels perform better than competing ones made with silicon. They’re also larger in size, which helps reduce the cost per watt. Those factors make them ideal for utility-scale solar energy projects.
First Solar further distinguishes itself from its peers in the solar sector by having one of the strongest balance sheets. It routinely has more cash than debt. That gives it the financial flexibility to continue executing its strategy of developing and building thin-film solar modules for utility-scale customers. These factors put First Solar in an excellent position to thrive as the solar industry continues expanding.
I let an additional 5% of my FSLR shares go yesterday AM at $111.39. That brought the cash level held in reserve for it up to a nice level.
Then, in the afternoon, FSLR jumped up further so I let another 5% of inventory go at $119.61. It's very rare for my program to trigger two sales in the same day.
All's well,
OAG
EGEB: Solar could make up 40% of US power by 2035:
https://electrek.co/2021/08/18/egeb-solar-could-make-up-40-of-us-power-by-2035-biden-administration/
https://electrek.co/2021/08/17/egeb-this-new-jersey-community-solar-farm-on-landfill-is-nearly-complete/
https://electrek.co/2021/08/16/worlds-largest-solar-powered-battery-system-is-now-75-complete/
$FLSR Solar Energy Boom Fuels Demand For Silver https://oilprice.com/Metals/Silver/Solar-Energy-Boom-Fuels-Demand-For-Silver.html
I added a little side kick solar play to fslr.
I added million shares of ASTI. ascent solar. Nasa just announced today..using their photovoltaic panels , testing on 2 upcoming missions.
from $28s to $109s. Wow.. reminds one of 2007 when it went from $28s to $248s.
Just In: $FSLR Why First Solar Jumped 31.5% in October
Shares of First Solar (NASDAQ: FSLR) rose 31.5% in October, according to data from S&P Global Market Intelligence . The U.S. solar panel manufacturer held its third quarter earnings report late in the month, blowing past analyst estimates, all while polling showed a solar-fr...
Find out more FSLR - Why First Solar Jumped 31.5% in October
Just In: $FSLR Got $3,000? Here Are 3 Solar Stocks to Buy and Hold for the Long Term
Investments in solar energy are accelerating. The sector is on track to add 10 gigawatts (GW) of new capacity per year through 2022, with that growing to an average annual pace of 18 to 20 GW from 2023 to 2030 thanks to rapidly falling costs for solar panels and battery storage ...
Read the whole news FSLR - Got $3,000? Here Are 3 Solar Stocks to Buy and Hold for the Long Term
Just In: $FSLR Why First Solar Jumped More Than 13% Today
Shares of solar energy company First Solar (NASDAQ: FSLR) rose almost 20% early today, after it reported quarterly earnings late yesterday. Shares retreated some, but still closed up 13% for the day. The maker of solar panels reported sales that surged compared to both the y...
Got this from FSLR - Why First Solar Jumped More Than 13% Today
JUST IN: $FSLR The Nasdaq Is Plunging, But These 2 Stocks Are Positively Glowing
COVID-19 case counts have been on the rise both in the U.S. and in many areas of the world, and after having shrugged off the potential economic impact, market participants finally decided on Wednesday that they'd had enough. Market benchmarks plunged to begin the day, and the Nasdaq Comp...
Find out more FSLR - The Nasdaq Is Plunging, But These 2 Stocks Are Positively Glowing
Breaking News: $FSLR Dow Drops 700+ Amid Renewed Virus Concerns
U.S. stocks fell sharply on Wednesday, following their European counterparts, as investors worried that the latest increase in coronavirus infections could halt the global economic recovery. The Dow Jones Industrials fell without a parachute, losing 714.12 points, or 2.6%, to 26,749...
In case you are interested FSLR - Dow Drops 700+ Amid Renewed Virus Concerns
Breaking News: $FSLR First Solar (FSLR) Q3 2020 Earnings Call Transcript
Image source: The Motley Fool. First Solar (NASDAQ: FSLR) Q3 2020 Earnings Call Oct 27, 2020 , 4:30 p.m. ET Operator Continue reading For further details see: First Solar (FSLR) Q3 2020 Earnings Call Transcript
Read the whole news FSLR - First Solar (FSLR) Q3 2020 Earnings Call Transcript
Good news for FSLR
Uyghur risk seen disrupting solar value chain with Daqo most at risk, Roth says
Oct. 21, 2020
By: Carl Surran, SA News Editor
Daqo New Energy (DQ -10.3%) drops sharply after Roth Capital says it sees potential for increased U.S. regulatory scrutiny of companies conducting business in China's Xinjiang province due to concerns about the Uyghurs being used as forced labor in the region, Street Account reports.
While not suggesting the industry uses forced labor, Roth says heightened regulatory oversight could have implications for the solar supply chain, as it believes most solar modules in the U.S. source at least some of their polysilicon from Xinjiang province.
Roth believes Daqo could be most at risk as it is based entirely in Xinjiang, JinkoSolar (JKS -12.2%) and Canadian Solar (CSIQ -7.9%) could have to adjust their supply chains; Sunrun (RUN -7%), Sunnova (NOVA -4.1%) and SunPower (SPWR -5.5%) could see higher module prices if shortages arise; and First Solar (FSLR -1.2%) could benefit since it does not source any polysilicon from China.
Insightful video launched on YouTube benchmarking 5 Solar Stocks FSLR, SPWR, RUN, SEDG, NOVA.
YouTube Channel : CMD Fundamental Investment
Video : Top 5 Solar Stocks
Breaking News: $FSLR First Solar's Biggest Problem? Too Much Cash
It's not often that I think a company has too good a balance sheet for its own good. But in the case of First Solar (NASDAQ: FSLR) , that may be the case in 2020. First Solar has built one of the steadiest and most profitable businesses in the solar industry, and that has result...
In case you are interested FSLR - First Solar's Biggest Problem? Too Much Cash
Now we need to fill the gap.
Here's the histogram since first starting a position in FSLR.........
As can be seen, this history's not been one straight line to profits. It's taken a concerted effort to manage share inventory, cash and emotions along the way. Price/Share is up 50% since starting in 2014. However, managing it with trades around the core position has raised profits to 93%. So, far it's been worth the effort.
Changes since Start in 2014
Shares Cash Portf Value (including Cash)
+81% -6.4% +93%
Hi W,
I let 15% of the FSLR shares go with today's surge.
OAG Tom
News: $FSLR Why Solar Stocks Jumped Double-Digits Today
Shares of solar stocks jumped big on Friday after two positive earnings reports. Investors have been wondering how far the solar industry's demand had fallen in the second quarter of 2020 and the answer may be that it actually grew. First Solar (NASDAQ: FSLR) and Canadian Solar (NA...
Read the whole news FSLR - Why Solar Stocks Jumped Double-Digits Today
Hi BR, Re: FSLR Upward Mobility....................
I'm watching. I last picked up shares @ $40.19 back in April and am awaiting a 30% return on those before letting some of them go. That puts the price less than 1% away from my GTC Limit sell order. That will liberate 10% of my overall position.
OAG Tom
Ok where are all you so called investors. This board is as quiet as a mouse. This stock is moving and nobody sees it.
First Solar flips to surprise Q4 loss
Feb. 20, 2020 4:19 PM ET| |By: Carl Surran, SA News Editor
First Solar (NASDAQ:FSLR) is halted after posting Q4 earnings and revenues far below Wall Street consensus.
On an unadjusted basis, the company reported a Q4 loss of $0.56/share vs. a profit of $0.29/share in the prior-year quarter.
Q4 net sales roughly doubled to $1.4B, primarily the result of project sales in the U.S. and increased module shipments, but analysts had projected revenues of $1.86B.
"Despite our reported loss, I am pleased with the continued execution of our Series 6 roadmap," CEO Mark Widmar says.
Shares rose 3.4% in today's trade ahead of the earnings news, capping a 20% YTD climb.
News: $FSLR These Solar Stocks Have Plummeted: 3 Reasons You Should Buy Now
It's been a great year for solar energy investors . The Invesco Solar ETF (NYSEMKT: TAN) , which owns a stake in more than 20 companies focused primarily on some area of solar, is up 55% so far this year. Two stocks held in the Invesco Solar ETF that are responsible for a lot of those gains ...
In case you are interested FSLR - These Solar Stocks Have Plummeted: 3 Reasons You Should Buy Now
First Solar Inc Bounces Off Daily Chart Support, But This Trade Level Is Better $FSLR
Leading solar company, First Solar Inc (NASDAQ:FSLR), bounced off of the $56.00 level today. This level was a very important daily chart gap fill from April 9, 2019. It is possible that this current support level could hold up for a few days. Recently, the stock topped out at $68.55 a share on September 23, 2019, so traders can see the sharp decline that the stock has had since that pivot high. Should the current $56.00 support level fail to hold it should cause the stock to see another sharp drop. The next major support level for FSLR stock will be around the $50.00 area. This is where the stock broke out in February 2019. The 200-week moving average is also sitting just above that level as well making this support area very strong and a solid long side trade setup.
Nick Santiago
InTheMoneyStocks
Yep unusual day! Trump going to kill some subsidies or something?
Yes and SPWR also.
Tom
It’s about time, too! I’ve been holding my breath for two long years.
What a run, in at 40 an holding long here!
There are definitely many whispers that that is an acquisition target.
Oh for good ole days when it was over $300. 2008 anyone?
Thanks C,
My bracket (trading around a core position) is from around here up to about $60/sh. So, it sounds like my trades might sync up with the Argus range.
Why One Analyst Sees First Solar Rising 30%
By Chris Lange December 4, 2018 1:05 pm EST
First Solar Inc. (NASDAQ: FSLR) shares slid on Tuesday despite the solar firm receiving a couple favorable upgrades from analysts. Even though the share price has dropped off recently, one firm believes that this stock could rise handily from here.
Argus upgraded First Solar to a Buy rating from Hold with a $60 price target, implying upside of 29% from the most recent closing price of $46.40. And on Monday, Goldman Sachs raised First Solar to a Neutral rating from Sell and raised its price target to $46 from $39.
Back in late October, the company reported third-quarter net sales of $676 million, up from $309 million in the second quarter, but down from $1.1 billion a year earlier. The sequential increase reflected ongoing construction at the California Flats project and the sale of the Willow Springs and Manildra projects. The company reported third-quarter earnings of $0.54 per share, compared to a loss of $0.46 per share in the second quarter and earnings of $1.95 per share in the third quarter of last year. The decline from last year reflected fewer solar projects and a decline in module prices.
Argus views First Solar as well positioned in the solar industry based on its positive cash flow, solid balance sheet and focus on cadmium telluride technology, which should provide a cost advantage relative to more commoditized technologies like polysilicon. In particular, First Solar’s technological investments have enabled the company to lower the cost of solar generation on a per-watt basis and to improve its conversion efficiency. They also have helped the company to expand its opportunity set of utility-scale projects.
Overall, Argus noted that the stock trades at 15.5 times its 2019 per-share earnings forecast, in the lower half of the historical average range of 4.5 to 37.7 and below the peer average of 24.9. Investors should expect First Solar’s financial results to be uneven on a quarter-to-quarter and year-to-year basis due to the timing of revenue recognition.
While First Solar has underperformed over the past three months, falling 13%, Argus believes that this pullback offers a favorable entry point.
Shares of First Solar were last seen down 2% at $45.44, in a 52-week range of $36.51 to $81.72. The consensus analyst price target is $65.92.
Sounds like a good plan.
My motto is:
Buy from the Scared, Sell to the Greedy........
I have done well by buying these tax loss selling candidates near the middle of December for a January bounce trade. FSLR is on my list.
FSLR is sitting at about 15% of its 52 week price range and that $81 high water mark will put tax loss selling in the cards for many. I agree this stock and many others could be facing a lot of the same selling pressure.
Tax loss selling could be a problem going into the end of the year.
Nice bounce up off bottom, great move if u added early today. $$$
Heard a rumor FSLR was acquiring ABCE (Abco Energy) who just announced expansion into California.
Any one heard anything? Any whispers of an acquisition?
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First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. The company?s solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. It sells its products to project developers, system integrators, and operators of renewable energy projects primarily in Europe. First Solar also focuses on designing and deploying commercial solar projects for utilities in the United States. The company was founded in 1999. It was formerly known as First Solar Holdings, LLC, and changed its name to First Solar Holdings, Inc. and subsequently to First Solar, Inc. in 2006. The company is headquartered in Tempe, Arizona.
(602) 414-9300
(602) 414-9400
info@firstsolar.com
http://www.firstsolar.com/
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