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First Solar (FSLR) Shows Strength: Stock Gains 9.7%

First Solar, Inc.FSLR was a big mover last session with its shares rising roughly 10% on the day. The upside came on the announcement that Congress plans to extend a solar investment tax credit by five years. This development benefited solar stocks and led to far more First Solar shares changing hands than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past month's volatile price range of $52.75 to $59.84.

This provider of solar energy solutions worldwide has seen one downward estimate revision in the last 7 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

First Solar currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the solar industry may also consider JA Solar Holdings Co., Ltd. JASO , which holds a Zacks Rank #1 (Strong Buy).

Is FSLR going up? Or down? Predict to see what others think: Up or Down

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JA SOLAR HOLDGS (JASO): Free Stock Analysis Report

FIRST SOLAR INC (FSLR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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