First Solar, Inc. engages in the design, manufacture, and sale of solar
modules using a thin-film semiconductor technology in the United States
and internationally. The company is also involved in the design,
construction, and sale of photovoltaic solar power systems. Its solar
modules employ a thin layer of semiconductor material to convert
sunlight into electricity. The company's integrated solar power systems
activities include project development; engineering, procurement, and
construction services; operating and maintenance services; and project
finance. First Solar, Inc. sells its solar modules to solar power system
project developers, system integrators, and operators; investor owned
utilities; independent power developers and producers, commercial and
industrial companies, and other system owners.
To review First Solar's stock, please take a look at the 1-year chart of FSLR (First Solar, Inc.) below with my added notations:
To review First Solar's stock, please take a look at the 1-year chart of FSLR (First Solar, Inc.) below with my added notations:
FSLR imploded in February and fell from a high of $50 down to a June low
of $12. Since then, the stock has been slowly trending higher (blue).
From the end of August until mid-November FLSR has created a $26
resistance level (navy). Last week the stock finally broke through that
$26 resistance and did it on a nice increase in volume (red). As the
saying goes, “Volume adds validity”.
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