First Solar (FSLR) Offering Possible 51.52% Return Over the Next 23 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 $83.00 short put and a strike $78.00 long put offers a potential 51.52% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $83.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $78.00 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 69.45 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for First Solar

Solar Stocks Have Rallied for Political Reasons. Can It Continue?
Tue, 27 Oct 2020 09:00:00 +0000
On Monday, two analysts came to different conclusions on one leading solar company, manufacturer (FSLR) (ticker: FSLR). Credit Suisse analyst Michael Weinstein downgraded First Solar to Underperform from Neutral saying it has become much more expensive on valuation than its historical average. Earlier this month, President Donald Trump announced plans for higher-than-expected tariffs next year.

2 First Solar Analysts Take Opposite Sides Of Trade Before Q3 Report
Mon, 26 Oct 2020 20:40:44 +0000
Heading into First Solar, Inc.'s (NASDAQ: FSLR) third-quarter report on Tuesday, Wall Street analysts are switching their stances on the solar company.The First Solar Analysts:Roth Capital analyst Philip Shen upgraded First Solar from Neutral to Buy with a price target lifted from $65 to $100.Credit Suisse analyst Michael Weinstein downgraded First Solar from Neutral to Underperform with a $64 price target.Roth Sees Upside Catalysts: First Solar could be a winner from recent action taken by U.S. lawmakers and President Donald Trump, Shen wrote in a Sunday upgrade note.First, the U.S. passed the Uyghur Forced Labor Prevention Act in late September that calls for a ban on imported goods from the Xinjiang province of China until it can prove forced labor was not used.Related Link: Solar Could Become ‘The New King': World Energy Outlook ReportThe ban could impact “a large percentage” of solar modules used in the U.S., with the exception of First Solar, which does not count China as a source of manufacturing, the analyst said in an Oct. 21 note.The company has manufacturing facilities in the U.S., Malaysia and Vietnam, so it stands to benefit from customers that want to work with a more reliable supplier, Shen said. Second, an early October Presidential Proclamation removed the Section 201 bifacial exclusion, but over the weekend, a judge blocked the withdrawal, the analyst said.A judge did not rule to stop an increase of the tariff rate from 15% to 18% or stop the 201 extension process, and this represents a key upside catalyst for First Solar, according to Roth. Credit Suisse's Valuation Concerns: First Solar's stock is trading at around 15 times next year's EBITDA, and this is near prior peak multiples that were recorded before Section 201 tariffs were introduced, Weinstein said in a downgrade note. While a new set of tariffs are possible, First Solar's stock valuation implies a 14% Section 201 tariff exemption in perpetuity or 60% Section 201 tariff for the next four years, the analyst said. “Both scenarios seem highly unlikely to us given the limited history of Section 201 (ex-China) and the supply chain's demonstrated ability to relocate globally in response to anti-dumping and Section 301.” FSLR Price Action: First Solar shares lost 1.9% in Monday's session, closing at $83.75. Latest Ratings for FSLR DateFirmActionFromTo Oct 2020Credit SuisseDowngradesNeutralUnderperform Oct 2020Roth CapitalUpgradesNeutralBuy Oct 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for FSLR View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Shaq's Business Life Just Got A Lot Busier With New Cartoon Show * 4 Asana Analysts Initiate On The Workplace Software Stock(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Benzinga's Top Upgrades, Downgrades For October 26, 2020
Mon, 26 Oct 2020 14:08:12 +0000
Upgrades * Wedbush upgraded the previous rating for Huntington Bancshares Inc (NASDAQ: HBAN) from Neutral to Outperform. Huntington Bancshares earned $0.27 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Huntington Bancshares shows a 52-week-high of 15.63 and a 52-week-low of 6.82. Moreover, at the end of the last trading period, the closing price was at $10.47. * For Toll Brothers Inc (NYSE: TOL), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the third quarter, Toll Brothers had an EPS of $0.90, compared to year-ago quarter EPS of $1.00. The current stock performance of Toll Brothers shows a 52-week-high of 50.415 and a 52-week-low of 13.28. Moreover, at the end of the last trading period, the closing price was at $47.28. * For PulteGroup Inc (NYSE: PHM), Raymond James upgraded the previous rating of Outperform to the current rating Strong Buy. For the third quarter, PulteGroup had an EPS of $1.34, compared to year-ago quarter EPS of $1.01. The current stock performance of PulteGroup shows a 52-week-high of 49.7 and a 52-week-low of 17.12. Moreover, at the end of the last trading period, the closing price was at $44.02. * Raymond James upgraded the previous rating for D.R. Horton Inc (NYSE: DHI) from Market Perform to Outperform. For the third quarter, D.R. Horton had an EPS of $1.72, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of 81.21 and a 52-week-low of 25.51. At the end of the last trading period, D.R. Horton closed at $73.07. * Raymond James upgraded the previous rating for Live Oak Bancshares Inc (NASDAQ: LOB) from Outperform to Strong Buy. For the third quarter, Live Oak Bancshares had an EPS of $0.81, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of 34.79 and a 52-week-low of 7.57. Live Oak Bancshares closed at $33.71 at the end of the last trading period. * Raymond James upgraded the previous rating for First Midwest Bancorp Inc (NASDAQ: FMBI) from Market Perform to Outperform. In the third quarter, First Midwest Bancorp showed an EPS of $0.33, compared to $0.52 from the year-ago quarter. The current stock performance of First Midwest Bancorp shows a 52-week-high of 23.64 and a 52-week-low of 10.31. Moreover, at the end of the last trading period, the closing price was at $12.61. * For Crown Castle International Corp (NYSE: CCI), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the third quarter, Crown Castle Intl had an EPS of $1.56, compared to year-ago quarter EPS of $1.55. At the moment, the stock has a 52-week-high of 180.0 and a 52-week-low of 114.18. Crown Castle Intl closed at $158.59 at the end of the last trading period. * Societe Generale upgraded the previous rating for TechnipFMC PLC (NYSE: FTI) from Hold to Buy. TechnipFMC earned $0.16 in the third quarter, compared to $0.12 in the year-ago quarter. The current stock performance of TechnipFMC shows a 52-week-high of 23.62 and a 52-week-low of 4.49. Moreover, at the end of the last trading period, the closing price was at $6.48. * According to Roth Capital, the prior rating for First Solar Inc (NASDAQ: FSLR) was changed from Neutral to Buy. First Solar earned $0.39 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of 87.44 and a 52-week-low of 28.47. Moreover, at the end of the last trading period, the closing price was at $85.37. * Goldman Sachs upgraded the previous rating for Check Point Software Technologies Ltd (NASDAQ: CHKP) from Sell to Neutral. For the third quarter, Check Point Software had an EPS of $1.64, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of 130.98 and a 52-week-low of 80.06. At the end of the last trading period, Check Point Software closed at $120.47. * For Amgen Inc (NASDAQ: AMGN), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Amgen showed an EPS of $4.25, compared to $3.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of 264.97 and a 52-week-low of 177.05. Amgen closed at $227.16 at the end of the last trading period. * For Installed Building Products Inc (NYSE: IBP), KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. For the second quarter, Installed Building Prods had an EPS of $1.12, compared to year-ago quarter EPS of $0.87. The stock has a 52-week-high of 121.67 and a 52-week-low of 29.0201. At the end of the last trading period, Installed Building Prods closed at $106.50. Downgrades * Wedbush downgraded the previous rating for KeyCorp (NYSE: KEY) from Outperform to Neutral. In the third quarter, KeyCorp showed an EPS of $0.41, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of 20.525 and a 52-week-low of 7.45. At the end of the last trading period, KeyCorp closed at $13.46. * For SunPower Corp (NASDAQ: SPWR), Credit Suisse downgraded the previous rating of Outperform to the current rating Neutral. In the second quarter, SunPower showed an EPS of $0.22, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of 19.38 and a 52-week-low of 4.03. SunPower closed at $16.86 at the end of the last trading period. * Credit Suisse downgraded the previous rating for First Solar Inc (NASDAQ: FSLR) from Neutral to Underperform. For the second quarter, First Solar had an EPS of $0.39, compared to year-ago quarter EPS of $0.18. The current stock performance of First Solar shows a 52-week-high of 87.44 and a 52-week-low of 28.47. Moreover, at the end of the last trading period, the closing price was at $85.37. Initiations * Morgan Stanley initiated coverage on Palantir Technologies Inc (NYSE: PLTR) with an Overweight rating. The price target for Palantir Technologies is set to $13.00. The stock has a 52-week-high of 11.42 and a 52-week-low of 8.9. At the end of the last trading period, Palantir Technologies closed at $9.48. * Morgan Stanley initiated coverage on Asana Inc (NYSE: ASAN) with a Equal-Weight rating. The price target for Asana is set to $27.00. The stock has a 52-week-high of 29.96 and a 52-week-low of 22.9. At the end of the last trading period, Asana closed at $23.51. * For FibroGen Inc (NASDAQ: FGEN), Raymond James initiated coverage, by setting the current rating at Underperform. FibroGen earned $0.95 in the second quarter, compared to $1.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of 51.56 and a 52-week-low of 22.65. FibroGen closed at $42.60 at the end of the last trading period. * SVB Leerink initiated coverage on Athenex Inc (NASDAQ: ATNX) with an Outperform rating. The price target for Athenex is set to $22.00. Athenex earned $0.41 in the second quarter, compared to $0.44 in the year-ago quarter. The current stock performance of Athenex shows a 52-week-high of 18.35 and a 52-week-low of 5.63. Moreover, at the end of the last trading period, the closing price was at $11.45. * JP Morgan initiated coverage on Zscaler Inc (NASDAQ: ZS) with an Overweight rating. The price target for Zscaler is set to $190.00. For the fourth quarter, Zscaler had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The current stock performance of Zscaler shows a 52-week-high of 163.8 and a 52-week-low of 35.0. Moreover, at the end of the last trading period, the closing price was at $147.05. * Morgan Stanley initiated coverage on Yalla Group Ltd (NYSE: YALA) with a Equal-Weight rating. The stock has a 52-week-high of 10.99 and a 52-week-low of 6.26. At the end of the last trading period, Yalla Group closed at $8.93. * JP Morgan initiated coverage on Sapiens International Corp NV (NASDAQ: SPNS) with an Overweight rating. The price target for Sapiens Intl Corp is set to $40.00. Sapiens Intl Corp earned $0.26 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Sapiens Intl Corp shows a 52-week-high of 35.23 and a 52-week-low of 13.55. Moreover, at the end of the last trading period, the closing price was at $28.99. * RBC Capital initiated coverage on Palantir Technologies Inc (NYSE: PLTR) with a Sector Perform rating. The price target for Palantir Technologies is set to $11.00. The current stock performance of Palantir Technologies shows a 52-week-high of 11.42 and a 52-week-low of 8.9. Moreover, at the end of the last trading period, the closing price was at $9.48. * With a current rating of Equal-Weight, Wells Fargo initiated coverage on Pulmonx Corp (NASDAQ: LUNG). The price target seems to have been set at $46.00 for Pulmonx. At the moment, the stock has a 52-week-high of 52.0 and a 52-week-low of 37.64. Pulmonx closed at $42.24 at the end of the last trading period. * JMP Securities initiated coverage on HOOKIPA Pharma Inc (NASDAQ: HOOK) with a Market Outperform rating. The price target for HOOKIPA Pharma is set to $19.00. For the second quarter, HOOKIPA Pharma had an EPS of $0.28, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of 14.3662 and a 52-week-low of 5.8. HOOKIPA Pharma closed at $9.60 at the end of the last trading period. * With a current rating of Buy, Stifel initiated coverage on CuriosityStream Inc (NASDAQ: CURI). The price target seems to have been set at $12.00 for CuriosityStream. At the moment, the stock has a 52-week-high of 11.64 and a 52-week-low of 8.9. CuriosityStream closed at $9.05 at the end of the last trading period. * JP Morgan initiated coverage on Mission Produce Inc (NASDAQ: AVO) with an Overweight rating. The price target for Mission Produce is set to $18.00. At the moment, the stock has a 52-week-high of 15.03 and a 52-week-low of 11.75. Mission Produce closed at $13.17 at the end of the last trading period. * Jefferies initiated coverage on Asana Inc (NYSE: ASAN) with a Buy rating. The price target for Asana is set to $30.00. The current stock performance of Asana shows a 52-week-high of 29.96 and a 52-week-low of 22.9. Moreover, at the end of the last trading period, the closing price was at $23.51. * With a current rating of Market Perform, Keefe, Bruyette & Woods initiated coverage on AppFolio Inc (NASDAQ: APPF). The price target seems to have been set at $150.00 for AppFolio. In the second quarter, AppFolio showed an EPS of $0.54, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of 180.5595 and a 52-week-low of 81.01. At the end of the last trading period, AppFolio closed at $153.00.See more from Benzinga * Click here for options trades from Benzinga * Unusual Options Activity Insight: America Movil * Understanding Oracle's Unusual Options Activity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Market Is Betting Trump Will Lose the Election. Here’s the Playbook if It’s Wrong.
Mon, 26 Oct 2020 11:21:00 +0000
If President Trump is re-elected, it would be another shock to the market, but the playbook this time would look different than in 2016, with more industry-specific rather than broad-market opportunities.

Enphase Energy (ENPH) to Post Q3 Earnings: What's in Store?
Thu, 22 Oct 2020 15:34:03 +0000
Enphase Energy's (ENPH) Q3 results are expected to reflect higher-than-expected stock-based compensation expenses, which in turn might have hurt its quarterly earnings.

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