First Solar, Inc. | FSLR

Daily Technical Analysis of First Solar, Inc.

First Solar had a nice pop today and is currently up 3.16% we'll see if the cash keeps flowing in. It looks like FSLR may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line FSLR is near a weak support line. We'll see if it bounces off or heads lower. First Solar hasn't been treated too well by the market over the last few months and has seen a lot of selling continue to drive price down. It might get a little bounce here and that may be subsequently followed by profit taking. Over the past 3 months, owners of the Semiconductors company are down -32.27 percent, we'll see if more buyers feel it's appropriately priced and want to purchase, if so we might get a little bounce.

If the price bounces off of the support and moves up it'll probably head up to the $139.71 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for First Solar By Price Target And Rating

The analysts feel fairly neutral on the prospects for First Solar but a little more positive than negative. The current Analysts Sentiment Score is 11.63. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-19 Wells Fargo & Company upgraded First Solar from Equal Weight to Overweight and provided a price target boost 33.69% to $250.00 from $187.00. On 2024-04-19 Barclays increased their price target by 1.34% to $227.00. Roth Mkm reiterated a rating of Buy on 2024-04-18 and they set their price target at $230.00. Oppenheimer reiterated a rating of Outperform on 2024-04-17 and added a price target of $269.00. On 2024-04-17 DZ Bank started covering First Solar with a rating of Buy and they set their price target at $205.00.On 2024-04-12 Janney Montgomery Scott initiated their coverage and rated as Buy and provided a price target of $236.00. Bank of America gave a boost to their price target and moved to $194.00 from $187.00 on 2024-04-10. Susquehanna announced that they are reiterating a rating of Positive on 2024-04-05 and they set their price target at $258.00. Royal Bank of Canada announced that they are reiterating a rating of Outperform on 2024-02-28 and added a price target of $195.00. Mizuho gave a boost to their price target and moved to $196.00 from $188.00 on 2024-01-03.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for First Solar

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for First Solar

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.