First Solar D1First Solar is the largest manufacturer of solar panels. The last year was quite successful for the company, and brought the company's shares to a historical maximum. Currently, the world is experiencing a boom in alternative energy sources. Electricity prices are rising, forcing many to purchase solar systems. The beginning of the summer season gives good prospects for earning money for companies producing solar systems. This direction is developing more and more actively every year and gives more and more profits. The company's huge cash registers are a good stimulus for the growth of stocks. The coronavirus situation has forced many to move to the province. Which can create an increased demand for solar panels. Therefore, this year may give even more serious prospects for First Solar.
FSLR trade ideas
FSLR Long ThesisIf it breaks below the trend line I will stop out. Once this breaks through the red horizontal line this should get moving pretty quickly. Opened pretty low today and had good price action but it did kindy spurt out near the end of trading. Fibs look really good on this chart as well.