First Solar, Inc.
FSLR
was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.30 to $73.44 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of no increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action 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 #4 (Sell) while its
Earnings ESP
is 0.00%.
Investors interested in the Solar industry may consider SunPower Corporation
SPWR
, which has a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
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