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First Solar Stock Sinks After Price Target Cut by JefferiesFirst Solar (NASDAQ: NASDAQ:FSLR ), one of the top solar energy companies, took a significant hit on Thursday, with its stock plummeting nearly 10%. This sharp decline came after Jefferies, a prominent investment bank, lowered its price target for the company from $271 to $266, citing potential delays that could negatively impact the current quarter's earnings. The report, while maintaining a “buy” rating, has raised concerns about First Solar’s short-term profitability and execution amidst industry-wide challenges. Why Did NASDAQ:FSLR Drop? Jefferies’ revised forecast signals caution about First Solar’s ability to meet earnings expectations in the coming quarter. The analysts specifically pointed out potential delays in product volumes, which may lead to lower-than-anticipated earnings. They attributed this to several key factors: 1. Interconnection and Supply-Chain Issues: Utility-scale solar growth continues to face delays due to long interconnection queues, labor shortages, and supply-chain disruptions. These bottlenecks, already a persistent challenge in 2023, are expected to stretch into next year, pushing some projects from weeks to months. 2. Module Pricing Concerns: Uncertainty around module pricing due to anti-dumping and countervailing duty (AD/CVD) determinations could also have a negative impact. Additionally, the idea of selling excess capacity from India into the U.S. market raises questions about demand and profitability in the near term. 3. Broader Market Impact: Jefferies' report not only affected First Solar, but also sent ripples across the entire solar sector. Shares of other solar power giants like Enphase Energy ( NASDAQ:ENPH ) and SolarEdge Technologies ( NASDAQ:SEDG ) also saw declines of 6% and 5%, respectively. This points to broader concerns within the solar industry about growth rates and earnings amid macroeconomic headwinds. Jefferies Still Bullish Long Term Despite these challenges, Jefferies’ analysts remain optimistic about First Solar's long-term outlook. Their “buy” rating underscores confidence in the company’s ability to navigate these short-term obstacles and maintain its position as a market leader in solar energy. First Solar's focus on innovation, advanced technology, and strong demand for renewable energy should support its recovery once current delays are addressed. Technical Outlook: Bearish Signs Ahead The technical picture for First Solar (NASDAQ: NASDAQ:FSLR ) looks bleak in the short term. As of Thursday, the stock is down 9.29% and trading with a weak Relative Strength Index (RSI) of 32, indicating oversold conditions. Additionally, the daily price chart shows a bearish gap down pattern—a strong indication of continued downward momentum. Further accentuating the bearish thesis is the stock’s position relative to key moving averages. First Solar (NASDAQ: NASDAQ:FSLR ) is currently trading below both its 50-day and 200-day moving averages, signaling potential downside risk. This aligns with the broader market sentiment, where traders have become cautious, awaiting more clarity on earnings and supply chain issues. What to Expect Next for First Solar? While the near-term outlook for First Solar (NASDAQ: NASDAQ:FSLR ) looks challenging, the company’s fundamentals remain solid for long-term investors. If the delays are resolved, First Solar could regain its footing. In conclusion, while First Solar faces some serious short-term challenges, the long-term growth story in renewable energy remains intact. Investors should keep a close eye on the company’s performance in the coming months to gauge whether this recent decline is a buying opportunity or a sign of deeper trouble ahead.
NASDAQ:FSLRShort
by DEXWireNews
Kamala Leads, Solar Stocks Shine Again?I'm closely watching the solar sector again, especially stocks like NASDAQ:FSLR , NASDAQ:ENPH , and $RUN. After the Trump/Biden debate, solar stocks plummeted because it looked like Trump might win. But now, with Kamala Harris running, the odds have shifted her way, and I'm optimistic about the sector since she's likely to support clean energy like Biden did. These solar stocks have been stable over the last month compared to tech. First Solar has strong financials, Enphase has solid earnings and big potential, and Sunrun just teamed up with Tesla. Definitely worth watching all three, in my opinion.
NASDAQ:FSLRLong
by xugina78
First Solar [FSLR] Unveils Major Research CentreFirst Solar Inc. has taken a significant step forward in the solar industry by launching one of the largest research centres in the world dedicated to developing new photovoltaic modules. Located in Ohio, USA, this expansive facility covers over 120,000 square meters and is designed to enhance First Solar’s capacity to innovate and lead in technology within the solar sector. A key feature of the new R&D centre is its full-scale, high-tech production lines for manufacturing sizeable solar panel prototypes. This strategic setup allows for continuous innovation without disrupting the normal production processes at First Solar’s manufacturing plants. By enabling seamless integration of testing and production, First Solar aims to streamline the development of next-generation solar technologies. Technical analysis of First Solar Inc. (NASDAQ: FSLR) Let us explore potential trading opportunities based on the current technical landscape of First Solar’s stock: Timeframe : Daily (D1) Current trend: the stock is currently in a global uptrend Resistance level : 223.75 USD Support level : 206.85 USD Potential downtrend target : should a downtrend take hold, the potential downside target might be 170.00 USD Short-term target : if the uptrend continues and the resistance at 223.75 USD is breached, a short-term target could be set at 268.00 USD Medium-term target : with sustained upward momentum, the stock price could potentially rise to 305.00 USD Investors and traders should closely monitor First Solar’s stock, especially given the new research facility’s potential to bolster the company’s position as a technology leader in the solar industry. This development not only underscores First Solar’s commitment to innovation but could also impact its market performance and investor sentiment significantly. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:FSLR
by RoboMarkets
Green Investing Gains MomentumSolar Stocks rally following Federal Reserve's decision to hold Interest rates steady. Technical Analysis NASDAQ:FSLR has been moving and is now finding some support near the $165 area. After experiencing a "Death Cross" on the 26th Sept, 2023 NASDAQ:FSLR has since shown signs of a resurgence with the stock surging as high as 6.57% as of the time of writing. The clean energy sector has gone wild with solar stocks enjoying a massive rally after the U.S. Federal Reserve announced that it will keep short-term interest rates unchanged and forecast three cuts next year, a potentially very bullish outlook for 2024. Interest rates have increased sharply over the past few years, going from about half a percentage point during the pandemic to more than 4% recently thanks to the Fed’s tapering program. However, a less hawkish Fed has seen rates reverse. The 10-year treasury yield hit a 16-year high of 4.98% in October but has pulled back to 3.91% currently. Solar energy stocks have responded strongly because lower interest rates are likely to have a direct impact on volume and margins in 2024.
NASDAQ:FSLRLong
by DEXWireNews
FSLR POP: What NEXT!?Here we are looking at FSLR on the Daily TF… As you can see, FSLR is currently trading within the expanding channel to the upside. Currently, it’s in the middle of a powerful move of support to the upside. IF FSLR wants to continue its move to the upside, I would expect for it to find resistance at the upwards sloping line, which currently lays at about $248. Prior to this move up, FSLR had attempted a breakdown of this structure, but powered through. This is a great example of why confirmation signals are so important in trading! I will continue to monitor this structure, and provide timely updates as I see fit. Cheers!
NASDAQ:FSLR
by GarethSolowayOfficial
5
First Solar MACRO Idea Here we are looking at FSLR on the 1 Month TF… While I don’t normally post ideas from this zoomed out on the chart, I thought I would briefly share this fun idea that I came across. As you can see, we are analyzing where FSLR is currently, in reference to it chart history dating back to major support breakdown in 2011. What I found interesting, is that if you stretch that previous support all the to the present date (on its trajectory), you can see that (so far) FSLR has been rejected from this previous support line. Of course, this isn’t enough to base a trade off of, but it is very interesting that previous support from 2011 is now acting as resistance. Additionally, there is still half a month left on this candle, so there’s still plenty of time for it to break through that line and invalidate it. Nonetheless, I thought it was interesting, and that some of you may find it interesting as well! Let me know what you think in the comments! Cheers!!
NASDAQ:FSLR
by GarethSolowayOfficial
5
FSLR (First Solar Inc.) Technical Analysis - Short Idea Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought). Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas (143.50, 118.82). Trade Ideas: FSLR - Long $170 Put 12/02 - $5.15 FSLR - Long $140 Put 12/16 - $0.97 I've given two options. (In The Money or Out The Money) based on your risk level. This is not a financial advise. Please do your research before making the trade. Trade only if you agree with the idea. Good Luck!
NASDAQ:FSLRShort
by MoneyChartz
3
FSLR:No more Sunshine?!FIRST SOLAR Intraday - We look to Sell at 121.86 (stop at 130.09) Following yesterday's bearish candle, the overall trend lower looks set to continue today. We look for a temporary move higher. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our bias remains bearish and further downside is expected to target support at 100.00. Our profit targets will be 101.77 and 90.00 Resistance: 122.00 / 145.00 / 196.00 Support: 101.80 / 63.00 / 31.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:FSLRShort
by VantageMarkets
First Solar (NYSE: $FSLR) To Benefit On Higher Oil Prices!🌞First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.
NASDAQ:FSLRLong
by Bullishcharts
1
channel breakout and strong support I had already created a setup for First Solar on 29.11.2021. This was stopped out with a loss of approx. 7%. Now a new buying opportunity arises through chart analysis. On February 14, the price formed an Inverted hammer (not perfect), which often appears at the end of a downtrend. Yesterday's price formed a Hammercandle which could indicate rising prices. First Solar is just about to leave a downtrend channel. Breakouts from such long channels (over 100 days) or ranges can result in very strong price movements. The share has formed strong support at $68. Therefore, there is much to be said for a rise in the price, and good risk management is also given, as the stop loss (SL) can be set below the support zone at approx.63 $. However, I usually only set the stop loss in my mind. For me, the closing price in daily is decisive. If this closing price is below this zone, I close the trading position manually. It often happens, that the price triggers the SL intraday, only to rise again afterward. This is avoided in this way. The price has potential up to $91 (take profit 1) or even up to $109 (take profit 2). This corresponds to a ratio of 2 (TP 1) and 3.9 (TP 2). The loss would only amount to approx. 13%. The profit, however, would be 27% or 50%. Therefore, I see a good buying opportunity. What do you think? I am very grateful for feedback :) Deutsch Am 29.11.2021 hatte ich bereits ein Setup für First Solar erstellt. Dieser wurde ausgestoppt mit ca. 7 % Verlust. Nun ergibt sich eine neue Kaufgelegenheit durch Chartanalyse. Am 14. Februar bildete der Kurs einen Inverted Hammer (nicht perfekt), der oft am Ende eines Abwärtstrends auftaucht. Der gestrige Kurs bildete eine Hammercandle, welcher steigende Kurse anzeigen könnte. First Solar ist gerade dabei einen Abwärtstrendkanal zu verlassen. Ausbrüche aus solchen langen Kanälen (über 100 Tage) oder Ranges können sehr starke Kursbewegungen zur Folge haben. Die Aktie hat bei 68 $ einen starken Support gebildet. Daher spricht viel für einen Anstieg des Kurses und ein gutes Risikomanagement ist ebenfalls gegeben, da der Stopp Loss (SL) unter die Supportzone bei ca. 63 $ gesetzt werden kann. Den Stop Loss setze ich jedoch meistens nur im Gedächtnis. Für mich ist der Schlusskurs im Daily ausschlaggebend. Ist dieser Schlusskurs unter dieser Zone, schließe ich den Trade manuell. Es kommt oft vor, dass der Kurs innerhalb des Tages den SL triggert, um danach wieder zu steigen. Dies wird so vermieden. Der Kurs hat Potenzial bis 91 $ (Gewinnmitnahme 1), bzw. sogar bis 109 $ (Gewinnmitnahme 2). Dies entspricht einer Ratio von 2 (TP 1) bzw. 3.9 (TP 2). Der Verlust würde nur ca. 13 % betragen. Der Gewinn jedoch bei 27 % bzw. 50 %. Daher ergibt sich für mich eine gute Kaufgelegenheit. Was denkst du? Für Feedback bin ich sehr dankbar :)
NASDAQ:FSLRLong
by Wiesel90
First Solar IncThursday, 24 December 2020 1:07 AM (WIB) Cost Competitive First Solar delivers an LCOE that is cost competitive with fossil fuels. First Solar technology delivers power during peak energy use smoothing costs for energy consumers against fuel-price volatility. The Leader in Sustainable Solar Energy First Solar provides the industry’s leading eco-efficient PV solutions which generate more energy at a competitive cost with the smallest environmental impact. We’re committed to sustainable PV manufacturing, responsible construction practices and minimizing the environmental impacts of our products across their life cycle, from raw material sourcing through end-of-life recycling. Related Links: www.firstsolar.com Best regards, RyodaBrainless "Live to Ride and Ride to Live"
NASDAQ:FSLR
by RyodaBrainless
1
FSLR - Bullish trend since Nov 2018, Buy the DipBought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel. Looking to swing trade tops and bottoms as long as we are in the parallel channel. I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current zeitgeist. The trick is to have overall diversification of assets, but also enough of these monthly plays that allows a higher frequency of trades.
NASDAQ:FSLRLong
by optimystery