Tag: Inflation Reduction Act

  • Oversold Shares of First Solar Starting to Bounce Back

    Oversold Shares of First Solar Starting to Bounce Back

    Keep an eye on First Solar (FSLR). After crumbling to $170.42, the solar stock appears to have caught strong support dating back to May. It’s also over-extended on RSI, MACD, and Williams’ %R. From its current price, we’d like to see it retest at $220 again shortly. Helping, analysts at BMO Capital recently upgraded the…

  • Here’s Why First Solar Could Push Higher

    Here’s Why First Solar Could Push Higher

    Solar stocks, like First Solar (FSLR) are on fire. All thanks to a couple of upgrades. For one, Goldman Sachs recently noted the Inflation Reduction Act (IRA) is one of the “most meaningful policy developments for the US solar and energy storage sector and clears the way for at least a decade-long runway for stable…

  • Why First Solar Just Hit a New 52-Week High

    Why First Solar Just Hit a New 52-Week High

    First Solar (FSLR) caught fire. All after Bank of America reiterated a buy rating on the stock, with a price target of $165. While the company recently missed on earnings and revenue, the firm believes First Solar’s prospects are among the best in the solar sector.  They also believe the stock will benefit from the…

  • The Top Reasons to Invest in First Solar

    The Top Reasons to Invest in First Solar

    Investors may want to keep an eye on First Solar (FSLR). At the moment, it’s one of the only stocks not getting hammered on the day.  Up about 65 cents on a volume spike to 5.4 million shares, as compared to daily average volume of 2.17 million shares, the stock could see brighter days ahead.…