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 saw its Momentum Indicator move above the 0 level on November 01, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FSLR's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FSLR just turned positive on November 01, 2024. Looking at past instances where FSLR's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FSLR advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where FSLR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
FSLR moved below its 50-day moving average on October 08, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FSLR crossed bearishly below the 50-day moving average on October 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .
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 of 62 cases within the following month. The odds of a continued downward trend are .
FSLR broke above its upper Bollinger Band on November 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FSLR entered a downward trend on November 07, 2024. 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows