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First Solar (FSLR, $80.31) shares upgraded at Citigroup
First Solar shares were boosted to buy at Citigroup. The firm also opened a 90-day catalyst watch on the solar energy equipment maker.
Citigroup analyst J.B. Lowe hiked First Solar's share-price target to $100 from $88 a share. The analyst sees many tailwinds ahead for the company, such as the potential inclusion of a 10-year solar tax credit extension and the revival of the 48C Advanced Manufacturing Tax Credit. Lowe also sees benefits from U.S. trade policy, including the extension of Section 201 tariffs on imported Chinese panels and possible sanctions against solar products sourced from Xinjiang.
FSLR in downward trend: 10-day moving average moved below 50-day moving average on April 27, 2022
The 10-day Moving Average for FSLR crossed bearishly below the 50-day moving average on April 27, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 79%.
Current price $62.77 crossed the resistance line at $78.48 and is trading between $78.48 resistance and $56.52 resistance lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -21% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -8%.
The Momentum Indicator moved below the 0 level on May 06, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on FSLR as a result. In 67 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 74%.
The Moving Average Convergence Divergence Histogram (MACD) for FSLR turned negative on May 09, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In 34 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
FSLR moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FSLR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
The Aroon Indicator for FSLR entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FSLR's RSI Indicator exited the oversold zone, 22 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +6.87% 3-day Advance, the price is estimated to grow further. Considering data from situations where FSLR advanced for three days, in 262 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
FSLR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 64%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.24.
The Tickeron Valuation Rating of 98 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.166) is normal, around the industry mean (16.293). P/E Ratio (31.949) is within average values for comparable stocks, (75.720). FSLR's Projected Growth (PEG Ratio) (19.255) is very high in comparison to the industry average of (3.077). FSLR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (2.759) is also within normal values, averaging (21.956).
The Tickeron Price Growth Rating for this company is 81 (best 1 - 100 worst), indicating slightly worse than average price growth. FSLR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 47 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 45 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 4 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.
The average market capitalization across the Electrical Products Industry is 3B. The market cap for tickers in the group ranges from 68.7K to 153.4B. NISSF holds the highest valuation in this group at 153.4B. The lowest valued company is SNRY at 68.7K.
The average weekly price growth across all stocks in the Electrical Products Industry was -1.75%. For the same Industry, the average monthly price growth was -10.46%, and the average quarterly price growth was -31.94%. ENKS experienced the highest price growth at 57.14%, while XDSL experienced the biggest fall at -45.67%.
- 5/4/22 8:26 AM: First Solar (FSLR, $75.11) was a top weekly gainer, with a +5.14% jump
- 4/23/22 4:20 AM: First Solar (FSLR, $72.37) was a top loser this week, declining -7.36%
- 4/6/22 8:51 AM: First Solar (FSLR, $80.33) was a top loser this week, declining -5.04%
The average weekly volume growth across all stocks in the Electrical Products Industry was 3.95%. For the same stocks of the Industry, the average monthly volume growth was 53.85% and the average quarterly volume growth was -43.57%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 59%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.09.
13 stocks in the group of tickers exhibit a similar negative trend based on the MA50MA10 indicator with an average likelihood of 74%.
The most notable companies in this group are Corning (NYSE:GLW), Plug Power (NASDAQ:PLUG), First Solar (NASDAQ:FSLR), Universal Display Corp (NASDAQ:OLED).
The average market capitalization across the group is 5.7B. The market cap for tickers in the group ranges from 0 to 42.1B. APH holds the highest valuation in this group at 42.1B. The lowest valued company is JETR at 0.
The average weekly price growth across all stocks in the group was -1.1%. For the same group, the average monthly price growth was -5.43%, and the average quarterly price growth was -23.59%. LPTH experienced the highest price growth at 11.64%, while HWKE experienced the biggest fall at -37.5%.
- 5/14/22 4:22 AM: Byd Electronic International (BYDIF, $1.85) was a top weekly gainer, with a +5.71% jump
- 5/12/22 5:38 AM: Flex (FLEX, $16.01) was a top loser this week, declining -9.75%
- 5/12/22 5:38 AM: Amphenol (APH, $68.37) was a top loser this week, declining -7.53%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 99.44%. For the same stocks of the group, the average monthly volume growth was 400.12% and the average quarterly volume growth was 9.87%
- 4/12/22 7:05 AM: The volume for LightPath Technologies stock increased for one day, resulting in a record-breaking daily growth of 214% of the 65-Day Volume Moving Average
- 4/8/22 4:25 AM: The volume for Methode Electronics stock increased for one day, resulting in a record-breaking daily growth of 255% of the 65-Day Volume Moving Average
- 4/1/22 8:43 AM: The volume for Amplitech Group stock increased for one day, resulting in a record-breaking daily growth of 1,509% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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