What Technical Analysis say About First Solar, Inc. (NASDAQ:FSLR)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of First Solar, Inc. (NASDAQ:FSLR) for the period of 9-Day stands at 87.02% while the stochastic %D for the same period stands at 88.64%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of First Solar, Inc. (NASDAQ:FSLR) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for First Solar, Inc. (NASDAQ:FSLR) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently First Solar, Inc. (NASDAQ:FSLR)’s 20-Day Bollinger Band indicates “Hold”.

About Company

FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.

Previous Day Activity Analysis

On the last trading day, First Solar, Inc. (NASDAQ:FSLR) opened the session at $60.3 and after going up 1.73% closed at $61.59. The stock gained 1.29 points in the last trade.

First Solar, Inc. (NASDAQ:FSLR)’s stock fluctuated in the range of $60.16 and $62.56 during the previous active session. First Solar, Inc. (NASDAQ:FSLR) traded with the volume of 1.95 Million with average volume of 2.42 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 2.01 while ATR (Average True Range) and RSI (Relative Strength Index) are at 2.41 and 67.67 respectively.

Currently the Insider Ownership of the shares of First Solar, Inc. (NASDAQ:FSLR) is at 0.4% and the shares outstanding are 102.65 Million.

Important Ratio Analysis

Some important ratios to consider here for First Solar, Inc. (NASDAQ:FSLR) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 53.23.

The Price to Sale P/S and Price to Book P/B shows the value of 2.05 and 1.17 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 2.33 and 7.84 correspondingly.

The Quick Ratio of First Solar, Inc. (NASDAQ:FSLR) stands at 6.5 while the Current Ratio depicts the value of 6.9.

Return on Assets ROA of First Solar, Inc. (NASDAQ:FSLR) is at -6.3% whereas, Return on Equity ROE and Return of Investment ROI of First Solar, Inc. (NASDAQ:FSLR) stand at -8.1% and -10.4% respectively.

Stock Performance Analysis

The stock performance of First Solar, Inc. (NASDAQ:FSLR) on the basis of 5 day trade show the jump of 2.87% whereas, the monthly performance of the stock shows increase of 30.74%.

The quarterly performance of the stock remained in green zone with the value of 26.03% while six month performance of the shares of First Solar, Inc. (NASDAQ:FSLR) remained bullish with the count of 65.52%.

The yearly and YTD performance of First Solar, Inc. (NASDAQ:FSLR) remained up at 92.77% and 91.93% respectively.