First Solar, Inc. (FSLR - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $57.27–$62.13 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after the company provided better-than-expected guidance for 2018.
The company has seen five negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Solar industry may consider SolarEdge Technologies, Inc. (SEDG - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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