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FSLR34 trade ideas

First Solar (FSLR): Powering the AI Revolution with Clean EnergyTicker: FSLR Current Price: $258.87 Rising AI Energy Demand AI development has drastically increased data center power needs. With over 7,000 data centers globally, companies like Amazon, Microsoft, and Google aim to use 100% green energy by 2030. Solar power must be a big part of this shift. The Need for Renewable Energy Amanda Peterson Corio from Google emphasizes the urgent need for more renewable energy sources to support AI's growth. Current data center energy consumption is challenging global renewable energy supplies. First Solar’s Advantage First Solar (FSLR) offers thin-film photovoltaic (PV) solar modules using cadmium telluride (CdTe) technology. Key Applications of First Solar’s products 1. **Utility-Scale Solar Projects**: Powers large-scale solar plants. 2. **Commercial & Industrial Uses**: Reduces energy costs and emissions on-site. First Solar is crucial for the AI revolution, offering sustainable and cost-effective solar solutions to meet the energy demands of data centers and support the green energy goals of major tech companies.
NASDAQ:FSLRLong
by infinity_kk
$FSLR Entering Stage 2 Breakout?NASDAQ:FSLR I have been watching FSLR since Feb 27th earnings. It has been whipping around in a range but in doing so it has managed to keep putting in Higher Lows. The pure definition of an uptrend. They reported earnings again on May 1st and beat expectations. Their guidance was simply in line with future estimates. However, they have gotten several upgrades to Buy or Outperform in the last 2 days, most in the $220 to $250 range. I have started a full-sized position today with a stop just below the lower band of the current consolidation. “If” the market holds up I expect that FSLR will outperform and could easily run 20% to 30%. Only time will tell. For a true breakout to happen it will have to get above that flat line on the current flat base. However, I like early entries closer to the 20 EMA. If you decide this trade looks good to you, please make sure it fits your trading rules. My idea but your money. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:FSLRLong
by jaxdog
First Solar Fights HigherFirst Solar has been fighting higher, and some traders may see further upside. The first pattern on today’s chart is the December 28 closing price of $173.22. FSLR jumped above that level early in the month and has now pulled back to hold it. Has old resistance become new support? Second, prices are above the 200-day simple moving average (SMA). The 50-day SMA is also potentially approaching a “golden cross” above the 200-day SMA. That could indicate the longer-term trend is getting more bullish. Next, MACD recently turned higher. Fourth, the stock jumped in early November and late February on strong quarterly results. The next set of numbers is due after the closing bell on May 1. Finally, Reuters reported yesterday that the U.S. will reestablish tariffs on certain Chinese solar products. FSLR is considered a likely beneficiary. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:FSLR
by TradeStation
1
First Solar Surge in Quarterly Profit, Forecasts Higher SalesFirst Solar Inc., ( NASDAQ:FSLR ) has emerged from the shadows of adversity, swinging to a profit in the fourth quarter and unveiling bullish projections for sales in 2024 amidst surging demand for renewable energy solutions. The Tempe, Arizona-based solar pioneer reported a net profit of $349 million, or $3.25 per share, for the quarter ending December 31st, marking a remarkable turnaround from the previous year's loss. Bolstered by resilient demand and favorable market conditions, First Solar's net sales in the fourth quarter soared by approximately 20% to $1.2 billion, underscoring the company's robust performance in a dynamic industry landscape. CEO Mark Widmar exuded confidence in the company's trajectory, citing strong mid- to long-term demand for solar modules, particularly in the United States. Despite macro challenges such as global oversupply and pricing volatility, First Solar ( NASDAQ:FSLR ) remains steadfast in its commitment to delivering sustainable energy solutions that resonate with customers worldwide. The company's optimistic outlook for 2024 further buoyed investor sentiment, with First Solar forecasting net sales in the range of $4.4 billion to $4.6 billion, outpacing analysts' expectations. Annual sales volumes are projected to reach between 15.6 gigawatts and 16.3 gigawatts, with net income anticipated to range between $13 to $14 per share. A significant driver of profitability lies in the Section 45X manufacturing incentive, which offers substantial tax credits for domestically manufactured products in the United States. Analyst Pavel Molchanov emphasized the importance of this subsidy, noting that it accounts for two-thirds of First Solar's profitability, underlining the company's strategic positioning within the domestic market. First Solar's ( NASDAQ:FSLR ) positive earnings report resonated with investors, sending its shares soaring by 4.5% after the bell. This uptick reflects market confidence in the company's ability to capitalize on growing demand for renewable energy solutions while navigating industry headwinds with agility and foresight. First Solar ( NASDAQ:FSLR ) stands at the forefront of innovation, driving the transition towards a cleaner, greener future. With a robust pipeline of projects and a steadfast commitment to excellence, the company is poised to illuminate the path to profitability in the ever-evolving landscape of renewable energy.
NASDAQ:FSLRLong
by DEXWireNews
Prophet Algo Picks - Jan 24,2024Prophet algo uses markov probabilities to get bullish and bearish probabilities for the day. Uses a custom machine learning algo which backtested gave a 75% win rate when trying to predict daily movements. Definitions: Positive day meaning : When the Closing price for the day is greater than the opening price Negative day meaning : When the Closing price for the day is lower than the opening price Markov model does not care about the intraday price movements, just the difference between opening and closing prices If you would like to analyze intraday movements, use our technical tools, option chain and weekly stock forecasts to get further insights NYSE:ABT Category: Positive Bullish Probability: 82.35% Bearish Probability: 17.65% NYSE:BALL Category: Positive Bullish Probability: 78.05% Bearish Probability: 21.95% NASDAQ:FITB Category: Negative Bullish Probability: 24.49% Bearish Probability: 75.51% NASDAQ:FSLR Category: Negative Bullish Probability: 26.67% Bearish Probability: 73.33% NYSE:GPC Category: Positive Bullish Probability: 76.67% Bearish Probability: 23.33% NYSE:PAYC Category: Positive Bullish Probability: 75.00% Bearish Probability: 25.00% NYSE:VZ Category: Negative Bullish Probability: 15.00% Bearish Probability: 85.00% NYSE:VFC Category: Negative Bullish Probability: 23.08% Bearish Probability: 76.92%
NASDAQ:FSLR
by tradesenigma454
2
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
Stocks pairs trading: XMO vs FSLRIn the energy sector, the contrasting financials and growth trajectories of First Solar, Inc. (FSLR) and Exxon Mobil Corporation (XOM) present a compelling case for a strategic investment approach. Consider going long on FSLR while shorting XOM to capitalize on their distinct market positions and financial performance. Why Buy FSLR: P/E Ratio: FSLR’s P/E of 30.35, though higher, reflects its growth potential in the renewable energy sector. In contrast, XOM’s lower P/E of 10.31 might be indicative of market skepticism about its growth prospects in a world increasingly shifting towards renewable energy. EPS Growth: FSLR’s impressive EPS growth this year of 1983.60% far outpaces XOM’s decline in EPS by -33.38%. This stark contrast highlights FSLR’s robust growth trajectory. Forward P/E: FSLR’s forward P/E of 10.35, significantly lower than its current P/E, suggests strong future earnings growth, a positive sign for investors. Sector Outlook: As the world increasingly focuses on renewable energy, FSLR, being a key player in this sector, stands to benefit from these global trends. Why Sell XOM: Industry Shift: The energy sector is gradually shifting towards renewables, which may pose long-term challenges for traditional oil and gas companies like XOM. EPS Decline: The significant decline in XOM’s EPS this year could be a red flag for investors, signaling potential underlying issues. High Dividend Yield: While XOM’s high dividend yield of 3.57% is attractive, it might not compensate for the potential capital loss due to industry shifts and market volatility. 52-Week Range: XOM’s price closer to its 52-week low and a year-to-date performance of -5.94% might indicate market concerns about its future prospects. Decision: Buy 1 FSLR Sell 1 XOM
NASDAQ:FSLR
by joyny
FLSR - Bulls Will control an Impending Advance---Elliott wave analysis--- As you can see on the daily chart, There is an impulsive cycle from the low of 5960 that validates all the required rules of the Elliott wave principle given below: Wave (2) can never exceed the starting point of wave (1). Wave (3) can never be the shortest wave among (1), (3) & (5). Wave (4) can never enter the price territory of wave (1). So, we have a valid reason to validate the wave count. In addition, FSLR's wave cycle has the following formation in the wave with Fibonacci levels: Wave (1) is an impulse wave. Wave (2) retraced 100% of wave (1). It has formed A-B-C zigzag. Wave (3) is an extended wave. Wabe (4) is a complex correction W-X-Y, that retraced to 0.382 level. Wave (5) is an ending diagonal. Wave A retraced 0.382 of wave (5), which extended to 1.618 level. Wave (B) retraced 100% of wave A. FLSR had accomplished impulsive structure at 232 and started corrective formation. It looks like the correction phase occurred at 132.19 . We can expect a new motive cycle from 132.19 . Traders should carefully watch the breakout of wave 4 of wave (c). Target projection: Using Reverse Fibonacci of wave (B) Reverse Fibonacci Of correction resistance and pivot levels From the above projections, we can find a cluster of levels to measure our targets. Traders can follow cluster targets: 168 - 188 - 192 or higher. It can extend up to 100% at 232. Alternatively, Failure can continue correction to the final support level of 115.58, which is less likely to happen. ---Indicator Study:--- Average true range: ATR of the FLSR rose to 7.79 when the price was rising. It suggests that we can get a rapid upward move after the breakout of wave (4). RSI: The RSI of the FLSR surged from 31.09 to 49.5 . RSI surge along with price suggests that bulls have a strong grip on the stock. We can also see a divergence from the previous move. Exponential Moving averages: Major EMAs, such as the 200-day and 100-day , are trading above the price, but the 20-day Exponential Moving Average is being broken by FSLR. Its possible for security to reach quickly to 50 EMA soon. Thank you! By @moneydictators on @TradingView Platform
NASDAQ:FSLR
by Money_Dictators
12
DESCENDING TRIANGLETop line slopes down and bottom line is virtually flat. Targets calculated using the wide end of the structure and projecting it up or down from the point of the break.\\This one broke to the downside. The white line represents a 100% fall but it can fall more or less that this keeping support levels in mind. Short is a bit over 9%. Targets is orange below the triangle are for a break to the downside with T1 being in larger type that T2 and so on. No recommendation
NASDAQ:FSLR
by lauralea