First Solar's most recent trend suggests a bullish bias. One trading opportunity on First Solar is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 56.74% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $1.81 would be kept by the premium seller. The risk of $3.19 would be incurred if the stock dropped below the $82.50 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 55.15 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
Why First Solar Jumped 31.5% in October
Sun, 08 Nov 2020 16:00:00 +0000
Shares of First Solar (NASDAQ: FSLR) rose 31.5% in October, according to data from S&P Global Market Intelligence. The U.S. solar panel manufacturer held its third quarter earnings report late in the month, blowing past analyst estimates, all while polling showed a solar-friendly Democratic Administration was likely to win in the November elections. In the third quarter, First Solar blew past analyst expectations, growing revenue 69.7% over last year, with EPS of $1.43 more than doubling analyst expectations of $0.62.
Election Results 2020: Parsing The Best Stocks To Buy After A Chaotic, Photo-Finish Race
Sat, 07 Nov 2020 17:50:33 +0000
As the dust settles on this year's election, analysts see positives for the economy and key sectors with Joe Biden as president and a likely GOP Senate.
Got $3,000? Here Are 3 Solar Stocks to Buy and Hold for the Long Term
Sat, 07 Nov 2020 16:13:00 +0000
Investments in solar energy are accelerating. The sector is on track to add 10 gigawatts (GW) of new capacity per year through 2022, with that growing to an average annual pace of 18 to 20 GW from 2023 to 2030 thanks to rapidly falling costs for solar panels and battery storage. Given the upside potential, investors should strongly consider adding some solar stocks to their portfolios.
Benzinga's Bulls And Bears Of The Week: Apple, Toyota, Verizon And More
Sat, 07 Nov 2020 15:38:37 +0000
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * The bullish calls during election week included automakers and a top telecom. * The iPhone maker and a top solar stock were among the week's bearish calls.Of course, the past week was all about the outcome of the U.S. elections, and what they mean for everything from health care and political oversight on corporations to cannabis stocks, private prisons, ride-sharing firms and sports betting.Earnings continued to roll out last week too, while Federal Reserve Chair Jerome Powell gave his latest thoughts on the economy, the United States formally left the Paris Climate Agreement, a prominent IPO was delayed and the maker of the iPhone said, “Wait! There's more.” The Dow Jones industrial average ended the busy week almost 7% higher, the S&P 500 went up more than 7%, and the Nasdaq saw about a 9% gain.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls “JPMorgan Says Verizon's Growth Will ‘Pick Up' Next Year” by Jayson Derrick examines how the bullish case for Verizon Communications Inc. (NYSE: VZ) is based on six catalysts that will help growth pick up in 2021, according to the top analyst featured in the post.In “Toyota Doubles 2021 Operating Profit Forecast As China Demand Rebounds,” Mohit Manghnani discusses why Japan's Toyota Motor Corp. (NYSE: TM) hiked its full-year 2021 operating profit guidance as demand from China recovered faster than anticipated.Priya Nigam's “ConocoPhillips Analyst: Dividend ‘Pays Investors To Wait On Oil Recovery'” focuses on the bullish case for ConocoPhillips (NYSE: COP) and how it is based on cost-saving opportunities, as well as a dividend yield that pays investors to be patient as they await an oil recovery.In Wayne Duggan's “Under Armour Analysts On Q3: ‘All-Clear Signal Is Far From Here',” see why Under Armour Inc. (NYSE: UAA) said its full-year numbers will not be as bad as previously feared, one sign that the company has turned a corner.New traffic regulations in Shanghai and a driving assistance system better than its peers likely will benefit Chinese electric vehicle maker Xpeng Inc. (NYSE: XPEV), according to Shanthi Rexaline's “Why BofA Is Bullish On Chinese EV Manufacturer Xpeng.” It has a robust model pipeline too.For additional bullish calls in the past week, also have a look at the following:Bears * COVID-19 Vaccines To Generate over B Annual Revenue, Analyst Says * Which Bank Stock Will Grow The Most By 2025? * 6 Gun Stock Ideas As Background Checks, Sales Set Records”Apple Could Fail To Meet iPhone 12 Holiday Demand Due To Chip Shortage: Report” by Shivdeep Dhaliwal says Apple Inc. (NASDAQ: AAPL) faces a shortage of chips used for power management in the iPhone. See what is primarily responsible for this shortage.Peloton Interactive Inc (NYSE: PTON) continues to face supply chain and delivery issues. Tanzeel Akhtar reports this in “After Peloton's Q1 Beat, Analysts Forecast Supply Chain Challenges.” How much will a new plant soon to come online help solve the problem?Wayne Duggan's “AMC Entertainment Bankruptcy Is ‘Likely,' Analyst Says” shows why lack of new content and mandated theater closures mean things probably have gotten too desperate for AMC Entertainment Holdings Inc. (NYSE: AMC) to avoid bankruptcy.In Priya Nigam's “First Solar's Valuation Exceeds Its Fundamentals, Morgan Stanley Says In Downgrade,” see whether shares of First Solar, Inc. (NASDAQ: FSLR) have risen too far, due in part to increasing ESG investing and healthy third-quarter results.Be sure to check out these additional bearish calls: “Why The Best Outcome For Intel Shareholders Is To Break Up The Chipmaker” and “Why These Investors Are Bearish On Lululemon, Twitter.”At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: AT&T, GE, Zynga And More * Benzinga's Bulls And Bears Of The Week: FAANGS, Ford, Visa And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
3 Solar Stocks To Buy Now For Future Political Gridlock
Fri, 06 Nov 2020 21:25:15 +0000
Wall Street has already declared a winner this week when it comes to the U.S. elections. But when it comes to solar stocks and today’s charged political environment, the vote has been less decisive, and even derisive at times. Let’s look at three players whose price charts and options strategies make them solar stocks to buy — without getting burned.
The President won’t concede. That’s the latest breaking news as Biden narrowly gains the lead in Pennsylvania and Georgia. But after four years, was anyone expecting anything less? Likely not, and by and large, investors haven’t blinked.
The S&P 500 rallied more than 6.50% this week, and as much as 9% since last Friday’s corrective low. And market leaders from Apple (NASDAQ:AAPL) to Zoom Video (NASDAQ:ZM) have rallied strongly on the prospects of an ineffective White House that will be challenged to dismantle Trump’s more popular market policies. Call it the Biden Gridlock Tour if you will.InvestorPlace – Stock Market News, Stock Advice & Trading Tips
7 Augmented Reality Stocks To Buy Now For The Future
Despite the popcorn-worthy political theater for the Oval Office, the fact is Congress will be decidedly split between red and blue politicians in the House and Senate. As much as and beyond favorable corporate tax breaks, loosened environmental standards will also remain as a legacy of the Trump administration. At the same time, any glimmer of hope for a Green New Deal has been doused. Net, net that’s bad for solar stocks, right? Maybe not.
First Solar (NASDAQ:FSLR)
Enphase Energy (NASDAQ:ENPH)
So, what’s a solar stock investor to do? The suggestion is to look at the world around us and our many greener neighbors. Also, recognize our own country’s many individual states, businesses and families that continue to champion alternative energy practices despite the Federal government. Then consider the following three well-positioned solar stocks to buy with risk-adjusted strategies to profit from this secular trend with greater authority.
Solar Stocks to Buy: First Solar (FSLR)
Source: Charts by TradingView
The first of our solar stocks to buy is First Solar. The Western hemisphere’s largest PV module manufacturer knocked it out the ballpark with solid Q3 results last week, and reinforced the report with bullish guidance visibility into 2021.
Investors responded by sending shares up more than 13%. And if the FSLR price chart has any say in matters, the future looks even greener for today’s investors.
Technically, this solar stock’s earnings reaction has solidified a recent monthly chart move above key pattern congestion formed over the past six years. The interpretation is that third time’s the charm for bullish FSLR investors, with sizzling gains in 2021 on deck after two corrective base breakout failures in 2016 and 2018.
Favored Solar Stock Exposure: Long FSLR March $100/$120 bull call spread.
Source: Charts by TradingView
The next stock of our solar stocks to buy is Sunrun. RUN stock was an early overachiever relative to its peers this summer. And conditions look great for that run to continue into the next year and beyond.
An announced buyout of Vivant Solar, which will make Sunrun the market’s largest solar installer, coupled with optimism the company will improve its financial position via investment in virtual power plants, sent shares skyrocketing by more than 175% from July through September. And as recently expressed here at InvestorPlace, the best may be yet to come.
Technically, a sizable correction appears to have completed. Shares are currently bottoming in an oversold, higher volume engulfing weekly candlestick formation that’s been helped along by this week’s earnings topper. Full weekly pattern and stochastics confirmation will have to wait until next week, but in our view, RUN’s bullishly developing intentions look good for buying into right now.
7 Augmented Reality Stocks To Buy Now For The Future
Favored Solar Stock Exposure: Long RUN February $65/$75 bull call spread.
Enphase Energy (ENPH)
Source: Charts by TradingView
The last of our solar stocks to buy is Enphase Energy. Shares of the large-cap solar inverter manufacturer have been on fire, with gains of nearly 375% since January and 570% over the past 12 months. A recent spotty earnings report plus today’s Biden Gridlock Tour could have easily and effectively capped an end to the friendly price trend, but it hasn’t. Not only should that be respected, right now it’s price action worth buying into.
Technically, the weekly price chart reveals ENPH has broken out of a slightly short cup-shaped base to all-time highs in Thursday’s session. With this solar stock still less than 5% from a picture-perfect buy decision, and given today’s heated market environment, a vertical spread is a great way to deploy capital more strategically.
Favored Solar Stock Exposure: Long ENPH January $125/$140 bull call spread.
On the date of publication, Chris Tyler does not hold, directly or indirectly, any positions in securities mentioned in this article.
Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits.
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