FSLR Stock News: 41.89% Gain In 3 Months
FSLR Stock News
First Solar Inc. was a top stock pick based on predictive algorithm recommended to I Know First subscribers on December 24th for the 3-month time horizon. FSLR had a signal of 37.01 and a predictability of 0.37. In accordance with the algorithm, the company reported short-term capital gains of 41.89%.
FSLR was part of the stock forecast that can be found in the “Top Tech Stocks” Package.
The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:
- Top 10 tech stocks for the long position
- Top 10 tech stocks for the short position
First Solar Inc. is a solar energy company that provides solar energy solutions worldwide. Formerly known as First Solar Holdings, Inc., the company was founded in 1999 and is headquartered in Tempe, Arizona. A market leader in utility-scale solar power plant building, the company has shown the ability to change according to changing market conditions, a rare trait for a company in a leadership position.
The stock has skyrocketed in 2015, increasing roughly 40%. The company announced that it would partner with SunPower on a yieldco. A yieldco is an investment vehicle that is established to own operating assets that generate predictable cash flows. Investors were surprised by the news and were excited, sending the stock price up 10% the following day. The stock continued to surge, and was boosted further by the announcement that it was partnering with Apple to supply power to the tech giant’s headquarters in Cupertino, expected to be completed by the end of 2016.
Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
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