Firstsolarinc — Trading Ideas on TradingView

First Solar Surge in Quarterly Profit, Forecasts Higher Sales First Solar Inc., ( NASDAQ:FSLR ) has emerged from the shadows of adversity, swinging to a profit in the fourth quarter and unveiling bullish projections for sales in 2024 amidst surging demand for renewable energy solutions. The Tempe, Arizona-based solar pioneer reported a net profit of $349 million, or $3.25 per share, for the quarter ending December 31st, marking a remarkable turnaround from the previous year's loss. Bolstered by resilient demand and favorable market conditions, First Solar's net sales in the fourth quarter soared by approximately 20% to $1.2 billion, underscoring the company's robust performance in a dynamic industry landscape. CEO Mark Widmar exuded confidence in the company's trajectory, citing strong mid- to long-term demand for solar modules, particularly in the United States. Despite macro challenges such as global oversupply and pricing volatility, First Solar ( NASDAQ:FSLR ) remains steadfast in its commitment to delivering sustainable energy solutions that resonate with customers worldwide. The company's optimistic outlook for 2024 further buoyed investor sentiment, with First Solar forecasting net sales in the range of $4.4 billion to $4.6 billion, outpacing analysts' expectations. Annual sales volumes are projected to reach between 15.6 gigawatts and 16.3 gigawatts, with net income anticipated to range between $13 to $14 per share. A significant driver of profitability lies in the Section 45X manufacturing incentive, which offers substantial tax credits for domestically manufactured products in the United States. Analyst Pavel Molchanov emphasized the importance of this subsidy, noting that it accounts for two-thirds of First Solar's profitability, underlining the company's strategic positioning within the domestic market. First Solar's ( NASDAQ:FSLR ) positive earnings report resonated with investors, sending its shares soaring by 4.5% after the bell. This uptick reflects market confidence in the company's ability to capitalize on growing demand for renewable energy solutions while navigating industry headwinds with agility and foresight. First Solar ( NASDAQ:FSLR ) stands at the forefront of innovation, driving the transition towards a cleaner, greener future. With a robust pipeline of projects and a steadfast commitment to excellence, the company is poised to illuminate the path to profitability in the ever-evolving landscape of renewable energy.

FSLR (First Solar Inc.) Technical Analysis - Short Idea Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought). Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas (143.50, 118.82). Trade Ideas: FSLR - Long $170 Put 12/02 - $5.15 FSLR - Long $140 Put 12/16 - $0.97 I've given two options. (In The Money or Out The Money) based on your risk level. This is not a financial advise. Please do your research before making the trade. Trade only if you agree with the idea. Good Luck!

9/11/22 FSLR First Solar, Inc. ( NASDAQ:FSLR ) Sector: Electronic Technology (Semiconductors) Current Price: $135.82 Breakout price trigger: $138.40 Buy Zone (Top/Bottom Range): $131.00-$122.00 Price Target: $144.00-$145.90 Estimated Duration to Target: 40-43d Contract of Interest: $FSLR 10/21/22 150c Trade price as of publish date: $4.60/contract

10/31/21 FSLR First Solar, Inc. ( NASDAQ:FSLR ) Sector: Electronic Technology (Electronic Components) Current Price: $119.59 Breakout price trigger: $118.00 (hold above) Buy Zone (Top/Bottom Range): $117.40-$111.50 Price Target: $113.00-$135.50 (1st), $175.40-$178.00 (2nd) Estimated Duration to Target: 21-23d (1st), 78-84d (2nd) Contract of Interest: $FSLR 11/19/21 120c, $FSLR 1/21/22 150c Trade price as of publish date: $5.70/contract, $2.07/contract

Long FIRST SOLAR Long First Solar

Long term for First Solar Inc. - the time of 'solar action'Long-term First Solar Inc. - the time of 'solar action' First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Company's components segment designs, manufactures and sells solar modules, which convert sunlight into electricity. The Company's systems segment provides PV solar power systems or solar solutions for systems, which use the Company's solar modules. The Company provides operations and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Company has approximately 30 manufacturing lines around the world and over 2.8 gigawatts (GW) of annual manufacturing capacity with lines having a production capability of approximately 2,500 modules per day. www.google.com

FSLR Short target 22.50 Beginning wave 5 to the downside, support comes in around 22.5, C Wave of flag beginning.

First solar is a short below the low at 28.90 USD First solar is a short below the low at 28.90 USD. Huge volumes have been detected on March 17. Bollinger bands are widening out, giving a good signal for a short entry. However, before triggering a short, it is suggested to wait for a break below 29 USD.