Is First Solar Inc (FSLR) a Stock to Watch After Gaining 11.04% This Week?

The market has been high on First Solar Inc (FSLR) stock recently. FSLR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

First Solar Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FSLR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FSLR Stock Today?

First Solar Inc (FSLR) stock is trading at $169.54 as of 10:48 AM on Thursday, Mar 28, a rise of $2.09, or 1.25% from the previous closing price of $167.45. The stock has traded between $167.40 and $173.02 so far today. Volume today is below average. So far 684,118 shares have traded compared to average volume of 2,208,412 shares. To screen for more stocks like First Solar Inc click here.

More About First Solar Inc

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, and Ohio. It plans to add a large factory in India. Click Here to get the full Stock Report for First Solar Inc stock.