First Solar (FSLR) Offering Possible 22.25% Return Over the Next 13 Calendar Days

First Solar's most recent trend suggests a bearish bias. One trading opportunity on First Solar is a Bear Call Spread using a strike $46.00 short call and a strike $51.00 long call offers a potential 22.25% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock rose above the $51.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for First Solar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for First Solar is bearish.

The RSI indicator is at 31.99 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for First Solar

Solar Companies Who Are Not Only Dominating The Industry But Are Thriving Despite Coronavirus
Thu, 05 Mar 2020 14:19:55 +0000
Currently, the top three solar manufacturers in the world are all from China. They are namely JinkoSolar Holding Co (NYSE: JKS), JA Solar and Trina Solar Ltd (respectively) determined by market share among panel manufacturing companies. As for the US, the biggest solar installation companies are Sunrun Inc (NASDAQ: RUN) who recently missed earnings estimates but surpassed revenue and Vivint Solar Inc (NYSE: VSLR) who is even gaining as the market plunges.But don't be fooled by size as the Coronavirus will do much more harm to Chinese companies as opposed to their US counterparts.Overall, the solar industry underwent some major changes over the past few years, and new leaders have emerged. This editorial is an applause to the companies who persevered and have a bright future ahead as this seems to be a great year for U.S. solar in general.Freedom Solar Austin-based company just had its most profitable year since it was founded in 2007. According to SEIA, Texas is the No. 4 state when it comes to solar rankings and this is despite the not so compelling macroeconomic conditions. Its ranking is driven heavily by the utility segment, while the U.S. residential solar market hit record highs in the third quarter of 2019.Specifically, Freedom Solar experienced a 75% growth in revenue to nearly $50 million in 2019 with residential sales increasing 94%. But more interestingly, the company has witnessed a growing trend towards solar among Texas automobile dealerships. Freedom Solar's corporate clients including Whole Foods acquired by Amazon.com, Inc. (NASDAQ: AMZN), Office Depot (NASDAQ: ODP), and The University of Texas, among others.Tesla/Panasonic Joined Forces Notably, Tesla Inc (NASDAQ: TSLA) and Panasonic Corporation (OTC: PCRFY) each began manufacturing U.S. solar panels way back in late 2017. The two companies are now producing Tesla's new solar roof product and low-profile solar panels at its large manufacturing plant in Buffalo, known as the Gigafactory. And this is only one of the things which Tesla sceptics were wrong about as its solar investment can only support Tesla's recent skyrocketing performance long-term.Franchise Holdings International Going further in bringing electric vehicles and solar energy together, Franchise Holdings International's (OTC: FNHI) Worksport is set to launch solar-powered tonneau covers for pickup trucks. And by being able to store energy, Worksport's patented technology can possibly even extend the driving range of electric pickups, resolving their greatest setback – and who knows what else the company's rich portfolio of intellectual patents could do!With General Motors Company (NYSE: GM) unveiling its Ultium battery technology and announcing a $20 billion investment in electrification and Ford Motor Company (NYSE: F) investing $11 billion in electric cars, Franchise Holdings International could be at the right place at the right time with their solar based tonneau cover.It's Not All Sunshine For First Solar Inc First Solar (NASDAQ: FSLR) just experienced a sharp price decline after it released the weaker than expected Q4 results. The company is likely to start focusing more heavily on manufacturing as less on development but its technology does remain as its bright spot. But the truth is that the company performed poorly as it missed several important metrics and will likely continue to face numerous headwinds ahead.Q4 net sales amounted to $1.4 billion and net cash to $1.8 billion so on the bright side, First Solar is still one of the most financially stable solar companies in the industry. But despite its strong fundamentals, it appears to be losing momentum as it reported an unexpected GAAP loss of $.56 per share in Q4, possibly costing the company its main appeal to investors: its ability to generate stable profits.While First Solar manufacturers some of the highest quality solar panels in the industry, it is unclear whether focusing on manufacturing is a winning long-term strategy in the long-term. But it's nice to have strong enough manufacturing core to fall back upon if the company decides to scale back on systems development. Moreover, the current Coronavirus crisis could play out to its advantage as it will have a much more severe impact on its Chinese competitors.Increased Competitiveness And Complexity Ahead When looking at the big picture, the solar industry is only getting more crowded and complex- and more competitive along the way. With competition ramping up in all directions, it's not only First Solar that is facing a daunting path ahead. The solar industry appeared to be heading down the path of vertical integration just a few years ago with the collapse of vertically integrated giants like SolarCity, SunEdison (OTC: SUNEQ), and other major solar companies.But now, major solar companies like First Solar are starting to refocus their business on specific segments. This so-called trend of specialization is epitomized by the recent rise of companies like SolarEdge (NASDAQ: SEDG) and Enphase (NASDAQ: ENPH) which are now some of the most valuable companies in the industry despite not even being focused on module manufacturing or project development.This Publication is contributed by IAMNewswire.comPress Releases – If you are looking for full Press release distribution contact: press@iamnewswire.comContributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.comCopyright (C) 2019 Benzinga (BZ Newswire, http://www.benzinga.com/licensing).Benzinga does not provide investment advice. All rights reserved.Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.Image by Bruno /Germany from PixabaySee more from Benzinga * Coronavirus Has Now Spread To Healthy Corporations, Set To Affect The Global Economy * Auto Parts Submarket Looking Good: AutoZone Surpasses Earnings Estimates * The Sustainable Energy Heroes Who Are Resisting A Tough Macroeconomy(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Longroad Acquirer of Four California Projects from First Solar
Mon, 02 Mar 2020 21:15:10 +0000
US-headquartered First Solar, Inc. (FSLR) announced today that Longroad Energy is the acquirer of four solar projects with a combined capacity of 160-megawatts (MW)AC. Longroad Energy is a US-based renewable energy developer, owner, and operator, with a multi-gigawatt portfolio of wind and solar projects across the United States. First Solar had previously disclosed the transaction without identifying the acquirer.

Sunrun (RUN) Q4 Earnings Miss Estimates, Revenues Surpass
Fri, 28 Feb 2020 14:04:02 +0000
Sunrun's (RUN) Q4 revenues of $243.9 million beat the Zacks Consensus Estimate by 11.7% and rise 1.6% year over year.

Valley tech companies see limited coronavirus impact; analyst warns it could be coming
Thu, 27 Feb 2020 22:50:11 +0000
Companies expected to feel the most effects from the coronavirus outbreak are ones that deal in electronics, pharmaceuticals and automotive.

Renewable energy finally takes off, as big money enters the industry
Thu, 27 Feb 2020 22:10:00 +0000
Companies, governments and investors have taken notice of leading returns on investment, writes Beth Kindig.

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