First Solar, Inc. (FSLR - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 21.9% in the past one-month time frame.
The move came after the company reported solid second-quarter 2017 results.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
First Solar, Inc. currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.
First Solar, Inc. Price and Consensus
Another stock worth considering in the Solar industry is SolarEdge Technologies, Inc. (SEDG) which carries the same rank as First Solar, Inc. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is FSLR going up? Or down? Predict to see what others think: Up or Down
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