FSLR Stock – Quick Win: 49.11% Gain In 3 Months

FSLR Stock

First Solar, Inc. was a top stock pick based on predictive algorithm recommended to I Know First subscribers on January 25th for the 3-Month time horizon. FSRL had a signal of 134.85 and a predictability of 0.52. In accordance with the algorithm, the company reported short-term capital gains of 49.11%.

First Solar, Inc. was part of the stock forecast that can be found in the “Top 10 Stocks” Package.

The full Top 10 Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
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  • S&P 500 forecast

FSLR Stock

First Solar, Inc manufactures and sells photovoltaic  solar modules with a thin-film semiconductor technology, and it designs, constructs, and sells PV solar power systems. It is a thin-film PV solar module manufacturer and a PV solar module manufacturer.

First Solar, Inc  stock is up on its yield co with SunPower Corporation. The company announced the joint yield co last month. Both companies will choose solar assets from their portfolios and integrate them as part of the deal.The deal will have an IPO once both companies have approved it. Proceeds may later be used to fund new projects for First Solar.The company last reported its quarterly results on Feb. 24, beating analyst estimates.

Also, First Solar  last released its earnings data on Tuesday. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. Analysts expect that First Solar will post $3.14 EPS for the current fiscal year.

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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