| First Solar (FSLR) Shows Strength: Stock Gains 9.7% | |
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First Solar, Inc. FSLR was a big mover last session with its shares rising roughly 10% on the day. The upside came on the announcement that Congress plans to extend a solar investment tax credit by five years. This development benefited solar stocks and led to far more First Solar shares changing hands than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past month’s volatile price range of $52.75 to $59.84. This provider of solar energy solutions worldwide has seen one downward estimate revision in the last 7 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future. First Solar currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive. Investors interested in the solar industry may also consider JA Solar Holdings Co., Ltd. JASO, which holds a Zacks Rank #1 (Strong Buy). Is FSLR going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report FIRST SOLAR INC (FSLR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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First Solar is based in United states of america. First Solar is listed in Germany and in United States of America. Its market capitalisation is US$ 18.5 billions as of today (€ 17.3 billions). Its stock quote reached its lowest recent point on June 11, 2010 at US$ 100.19, and its highest recent level on May 01, 2024 at US$ 177.58. First Solar has 104 270 000 shares outstanding. |