FSLR:Will First Solar continue to soar?About First Solar
First Solar, Inc. is an American company which manufacturers solar panels and offers utility-scale PV power plants as well as related services like financing, building, upkeep, and recycling of used panels. For its solar panels, First Solar uses stiff thin-film modules and creates CdTe panels using cadmium telluride (CdTe) as a semiconductor. Inventor Harold McMaster established the business in 1990 as Solar Cells, Inc., and with JD Polk in 1993 as the Florida Corporation. When True North Partners, LLC bought it in 1999, they changed the company’s name to First Solar, Inc.
You want to have a closer loot at First Solar?
Read more on FSLR’s Investor Relations.
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Will FSLR continue its upward trend?
According to TradingView, 15 analysts rate First Solar shares as a “strong buy,” compared to two analysts who rate FSLR as a “buy.” Eleven experts recommend retaining the company’s stock, but none at this time would advise selling FSLR. Additionally, the current minimum expectation for the stock is USD 137.00. The current highest estimate for the stock is USD 233, while the average estimate is USD 179.86. Currently, the cost of the FSLR stock is at USD 178.00. First Solar’s stock has consistently traded in an upward channel since its earnings on July 28, 2022.
The predicted EPS for Q4-2022 may increase by 0.31 to -0.15 from the reported EPS -0.46 in the previous quarter. Analysts predict that the EPS will however decrease annually by 5.12 from reported 4.38 in 2021 to an estimated -0.74 before increasing again in 2023 to 5.10.
According to predictions, FSLR’s revenue may have decreased by 10.28% from the reported $2.92B (2021) to $2.62B in 2022. Nevertheless, due to the ongoing high demand for solar panels and PV power plants, the outlook for First Solar’s revenue looks positive and could increase to approximately $5.50B in 2025.
First Solar may have a promising future if those forecasts come true.
0R06 trade ideas
FSLR D1 - ready to BO if SPX will co-operate“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
FSLR (First Solar Inc.) Technical Analysis - Short Idea Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought).
Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas (143.50, 118.82).
Trade Ideas:
FSLR - Long $170 Put 12/02 - $5.15
FSLR - Long $140 Put 12/16 - $0.97
I've given two options. (In The Money or Out The Money) based on your risk level.
This is not a financial advise. Please do your research before making the trade. Trade only if you agree with the idea.
Good Luck!
FSLR -- Long--Breakout from W pattern for base/support
--Stock drop 8% on ER, gain 1.5% in pre-market
--Look like there still demand for green energy
--ENPH has good ER and gain 9% on the open
--Indicate entry signal on ER.
--Could be high reward and high risk, because of ER was not that great, but not as bad.
Weekly Chart/Earnings 10-27 AMCPrice is still above the .236 of the trend up.
This level seems to be support for now.
Short interest is around 4.9%.
Earnings are scheduled for Thursday after market closes.
Short for the longer term.
No recommendation.
Target 1 is in larger orange type followed by T2 and T3 which are in smaller type.
Daily Chart:
FIRST SOLAR INC.Thursday, 20 October 2022
21:15 PM (WIB)
Leading the World’s Sustainable Energy Future
Founded in 1999, First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. The company is unique among the world’s ten largest solar manufacturers for being the only US-headquartered company and not manufacturing in China. First Solar’s advanced thin-film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon (c-Si) PV panels.
Manufacturing Leadership
First Solar has the Western Hemisphere's largest solar manufacturing footprint in Ohio, USA, with a third factory set to come online in the state in the first half of 2023 and a new factory, the company's fourth American manufacturing facility, expected to be commissioned in the US Southeast in 2025. The company will have a global annual manufacturing capacity of over 20 gigawatts (GW) by 2025, with a footprint that spans the US, India, Malaysia, and Vietnam. First Solar thin-film PV modules are produced using a fully integrated, continuous process under one roof that does not rely on Chinese crystalline silicon (c-Si) supply chains. Its proprietary, vertically integrated process transforms sheets of glass into fully functioning solar panels in approximately four hours with a combination of highly skilled workers, Industry 4.0 architecture, machine-to-machine communication, artificial intelligence, and Internet of Things connectivity.
Technology Advantage
Designed and developed at its research and development center in California and Ohio, First Solar’s advanced thin-film PV modules set industry benchmarks for quality, durability, reliability, design, and sustainability. Each module features a layer of Cadmium Telluride (CadTel) semiconductor, derived from by-products of copper and zinc mining, which boasts a number of qualities over conventional c-Si, including lower cost, superior scalability, and a higher theoretical efficiency limit.
First Solar’s thin-film PV technology produces energy-efficient modules with a superior degradation rate, temperature coefficient, spectral and shading response, and the smallest environmental footprint in the industry. First Solar's thin-film modules require only 1-2% of the semiconductor material needed by traditional c-Si modules to produce a comparable amount of power. The company’s vertically integrated manufacturing technology results in fewer process steps and faster production times with superior traceability and transparency.
Responsible Solar
From raw material sourcing and manufacturing to end-of-life module recycling, First Solar’s approach to technology embodies sustainability and responsibility towards people and the planet. This is why First Solar has a long history of establishing benchmarks in recycling, responsible supply chain management, transparency, and the carbon and water footprint of its technology.
First Solar’s thin-film PV modules have the best environmental profile and are manufactured using less energy, less water, and less semiconductor material, resulting in up to 2.5x lower carbon footprint and up to 3x lower water footprint than c-Si solar panels on a life cycle basis.
First Solar is a member of the Responsible Business Alliance (RBA), and in May 2022, completed its first RBA Validated Assessment Program audit at its Ohio manufacturing facilities, achieving platinum status, the highest possible rating. Additionally, First Solar has committed to powering 100% of its global manufacturing operations with renewable energy by 2028 and achieving Net Zero by 2050.
For more details please visit First Solar Inc.
FSLR:No more Sunshine?!FIRST SOLAR
Intraday - We look to Sell at 121.86 (stop at 130.09)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We look for a temporary move higher. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our bias remains bearish and further downside is expected to target support at 100.00.
Our profit targets will be 101.77 and 90.00
Resistance: 122.00 / 145.00 / 196.00
Support: 101.80 / 63.00 / 31.00
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Crooked W 1.414The W pattern appears to have ended at the 1.414.
Crooked Ws become bearish when the 4th leg ends.
1.414 is the square root of 2.
I can not find the name of this pattern but I am seeing quite a few.
Short for the longer term
No recommendation/price is still above the .236 of the trend up.
RSI DiversionThis one is Skyscraping!
There is a diversion between price and RSI. This will correct at some point.
Price is above the .236.
No recommendation.
Price sits above a long and rickety looking ladder and one could possibly call it a Bull Flag up there.
When this falls, it may fall hard. But the market is still pumping today so who knows?
True Market Leaders: #1 $FSLR👉Name is holding great through the market sell off
👉The RS line up is showing outstanding relative strength
👉Volume indicator we see a bunch of green and blue (bullish) bars highlighted and not much red and purple (bearish).
👉 Stage 2 indicator is showing early turn and key MAs are starting to point up
Not at a buy point yet but definitely a great candidate to watch!
From NVDA to FSLR?My idea is about NASDAQ:NVDA and NASDAQ:FSLR . Two very different companies with respect to market capitalization and products (at least both are semiconductors industries). But there is the funny fact, that - at the moment - the prices for both are about the same and one could trade NVDA for FSLR or vice versa. Momentum for FSLR seems to be stronger than that of NVDA at the moment. NVDA has a lot of head wind - although still a promising future - and FSLR will profit from the Inflation reduction Act and the immediate need to reduce the CO2 footprint in any country of the world. My hypothesis is that NVDA will still suffer for quiet some time and FSLR will continue to improve, but in the long run (2024 and beyond) NVDA will catch up and because of better multiplicative factors such as autonomous cars surpass FSLR in positive momentum.
Anything Above the .236 is a Suspect3 attempts so far to break that high and so far, none were successful. This could change cos everything does.
.I do know folks will ride a high. But not forever.
For those who are looking to invest longer term, this may not be the one for you.
The party will end.
Securities even above the .382 fib level, much less the .236 fib level, would be risky to me if I were looking longer term. This one is above the .236.
When panic sets in, buyers become sellers.
Just an opinion and everyone has one.
I use the Covid low to do my Fib levels. You may not. That is the bad thing about fib levels as we can often see different starting points for the fib table.
You know this just chart just looks risky! I do not think anyone would argue that but I am not saying it will not make a new high. It might. Just be careful is all.
It may Not just be that the economy is eating Rock Soup. The fast and furious rush that ensued after the Covid bottom could be contributing to the demise of this market.
No recommendation.
When someone's wallet is cramping, they do not give a flying F about solar, utilities or healthcare. They will sell. They only need to be pushed to the limit, then they will let go.
The final score does not always tell the story of the game.