First Solar's most recent trend suggests a bullish bias. One trading opportunity on First Solar is a Bull Put Spread using a strike $55.50 short put and a strike $50.50 long put offers a potential 37.74% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.50 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $3.63 would be incurred if the stock dropped below the $50.50 long put 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 up which suggests that the medium-term momentum for First Solar is bullish.
The RSI indicator is at 38.82 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for First Solar
What to expect from First Solar earnings
Fri, 24 Oct 2014 20:51:04 GMT
MarketWatch – First Solar Inc. is scheduled to report third-quarter earnings on Thursday, and investors will be eager to hear updates on the solar-panel maker and developer’s lofty goals.
Southern Company subsidiary to top 300 MW of total solar generating capacity with acquisition of new California facility
Thu, 23 Oct 2014 17:17:24 GMT
noodls – ATLANTA, Oct. 23, 2014 /PRNewswire/ — Southern Company subsidiary Southern Power today announced the acquisition of the 150-megawatt (MW) Solar Gen 2 solar facility in California from First Solar, Inc. …
Southern Company subsidiary to top 300 MW of total solar generating capacity with acquisition of new California facility
Thu, 23 Oct 2014 15:20:00 GMT
PR Newswire – ATLANTA, Oct. 23, 2014 /PRNewswire/ — Southern Company subsidiary Southern Power today announced the acquisition of the 150-megawatt (MW) Solar Gen 2 solar facility in California from First Solar, Inc. As the largest solar facility in the Southern Power portfolio, Solar Gen 2 is expected to generate enough electricity to power more than 60,000 average California homes. “Our strategic renewable development has earned Southern Company a reputation as a national leader in solar,” said Southern Company Chairman, President and Chief Executive Officer Thomas A. Fanning.
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