First Solar (FSLR) Offering Possible 21.07% Return Over the Next 30 Calendar Days

First Solar's most recent trend suggests a bullish bias. One trading opportunity on First Solar is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 21.07% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $52.50 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 23.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for First Solar

First Solar Collaborates with Rio Tinto
Thu, 22 May 2014 19:35:04 GMT
Zacks – First Solar Inc. (FSLR) has joined forces with Rio Tinto and Ingenero to build a 6.7 megawatt (MW) solar power plant at Rio Tinto Alcan's Weipa bauxite operations to power the mine.

FIRST SOLAR, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Wed, 21 May 2014 21:11:48 GMT

First Solar says agreement reached to develop Weipa Solar PV project
Wed, 21 May 2014 17:15:27 GMT
theflyonthewall.com – First Solar says agreement reached to develop Weipa Solar PV project

1:08 pm First Solar to deliver diesel-PV hybrid solutions to Rio Tinto (RIO) in Australia
Wed, 21 May 2014 17:08:00 GMT

First Solar to Deliver Diesel-PV Hybrid Solution to Rio Tinto in Australia
Wed, 21 May 2014 17:07:00 GMT
Business Wire – BRISBANE, Australia–(BUSINESSWIRE)– First Solar, Inc. (NASDAQ:FSLR – News), Rio Tinto and Ingenero today announced that agreement has been reached for the development of the Weipa Solar Photovoltaic (PV) Project in Queensland, Australia. The project has received official confirmation of funding from the Commonwealth Government, with an initial commitment of $3.5 million from the Australian Renewable Energy Agency (ARENA) to be followed by an allocation of up to $7.8 million for the project’s second phase. First Solar will leverage its expertise in utility-scale grid integration and plant control systems to offer a FuelSmart solution that provides maximum fuel savings while maintaining system reliability. Combined with Ingenero’s proven design, development and integration experience, the project will generate electricity for Rio Tinto Alcan’s (RTA) Weipa bauxite mine, processing facilities and township on the Western Cape York Peninsula.

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