AAL

The Outperforming Solar Stock Overdue for Upgrades

FSLR stock has already added 90% year-to-date

Managing Editor
Dec 6, 2017 at 9:20 AM
facebook X logo linkedin


A little more than a month after delivering a a substantial third-quarter earnings beatFirst Solar, Inc. (NASDAQ:FSLR) issued its fiscal 2018 outlook yesterday, sending the shares up 6.9% to close at $61.21. Upbeat analysts are chiming in, with the solar energy solutions provider seeing a flurry of price-target hikes today.

Specifically, First Solar has received no fewer than four price-target hikes, including one to $77 from $60 at Cowen and Company. The new price target represents a 26% premium to yesterday's close yesterday, and sits in territory not charted since September 2011. As such, FSLR stock is up 1.7% in electronic trading.

The equity has already turned in an excellent 2017, tacking on 90.7% and touching an annual high of $63.10 on Nov. 27. FSLR shares have been guided higher by their rising 40-day moving average, a trendline that's caught a number of pullbacks since April.

Despite the equity's uptrend, some analysts remain unconvinced. Of the 15 brokerages covering FSLR, eight rate it a "hold" or "strong sell." Continued technical outperformance could have analysts re-evaluating their bearish outlooks.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.