Time New York: Wed 13 Dec 21:25 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

First Solar (FSLR) in Focus: Stock Moves 6.9% Higher

Zacks

First Solar, Inc. FSLR was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $57.27–$62.13 in the past one-month time frame, witnessed a sharp increase yesterday.

The stock gained after the company provided better-than-expected guidance for 2018.

The company has seen five negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

First Solar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.


Investors interested in the Solar industry may consider SolarEdge Technologies, Inc. SEDG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FSLR going up? Or down? Predict to see what others think:Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.