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Apr 19, 2021

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.

Related Ticker: FSLR

FSLR in downward trend: price expected to drop as it breaks its higher Bollinger Band on February 12, 2024

FSLR broke above its upper Bollinger Band on February 12, 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 A.I.dvisor looked at 49 similar instances where the stock broke above the upper band. In of the 49 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FSLR as a result. In 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 .

The Moving Average Convergence Divergence Histogram (MACD) for FSLR turned negative on February 23, 2024. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

FSLR moved below its 50-day moving average on February 20, 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 January 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .

The Aroon Indicator for FSLR entered a downward trend on February 14, 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.

Bullish Trend Analysis

The RSI Indicator 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FSLR advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (2.422) is normal, around the industry mean (5.560). P/E Ratio (32.321) is within average values for comparable stocks, (40.143). Projected Growth (PEG Ratio) (0.678) is also within normal values, averaging (2.695). FSLR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (4.840) is also within normal values, averaging (31.661).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are Enphase Energy (NASDAQ:ENPH), First Solar (NASDAQ:FSLR), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ), SunPower Corp (NASDAQ:SPWR), FuelCell Energy (NASDAQ:FCEL), GrafTech International Ltd (NYSE:EAF).

Industry description

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.

Market Cap

The average market capitalization across the Electrical Products Industry is 3.88B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -4%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -20%. IPWR experienced the highest price growth at 52%, while LPENF experienced the biggest fall at -91%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was -41%. For the same stocks of the Industry, the average monthly volume growth was -54% and the average quarterly volume growth was 2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 73
Price Growth Rating: 50
SMR Rating: 74
Profit Risk Rating: 80
Seasonality Score: -40 (-100 ... +100)
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FSLRDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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General Information

a provider of photovoltaic solar energy solutions

Industry ElectricalProducts

Profile
Fundamentals
Details
Industry
Electronic Components
Address
350 West Washington Street
Phone
+1 602 414-9300
Employees
5500
Web
https://www.firstsolar.com
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FSLR and

Correlation & Price change

A.I.dvisor indicates that over the last year, FSLR has been loosely correlated with ARRY. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if FSLR jumps, then ARRY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FSLR
1D Price
Change %
FSLR100%
-1.24%
ARRY - FSLR
54%
Loosely correlated
+1.82%
ENPH - FSLR
53%
Loosely correlated
-4.25%
NXT - FSLR
52%
Loosely correlated
+0.82%
SHLS - FSLR
51%
Loosely correlated
+0.51%
RUN - FSLR
50%
Loosely correlated
-6.77%
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