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Seaport Research Partners analysts upgrades a Buy rating for First Solar Inc (FSLR)

In a filing, First Solar Inc revealed its Chief Technology Officer Gloeckler Markus unloaded Company’s shares for reported $0.71 million on Oct 31 ’24. In the deal valued at $198.52 per share,3,601 shares were sold. As a result of this transaction, Gloeckler Markus now holds 8,935 shares worth roughly $1.43 million.

Then, Gloeckler Markus bought 3,601 shares, generating $714,871 in total proceeds.

Before that, Buehler Patrick James sold 8,619 shares. First Solar Inc shares valued at $1,913,418 were divested by the Chief Product Officer at a price of $222.00 per share. As a result of the transaction, Buehler Patrick James now holds 3,468 shares, worth roughly $0.56 million.

Seaport Research Partners upgraded its First Solar Inc [FSLR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. Janney also remained covering FSLR and has increased its forecast on October 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on October 22, 2024. It rated FSLR as “a Buy” which previously was an “a Neutral”.

Price Performance Review of FSLR

On Tuesday, First Solar Inc [NASDAQ:FSLR] saw its stock fall -2.48% to $160.24. Over the last five days, the stock has lost -12.68%. First Solar Inc shares have fallen nearly -9.08% since the year began. Nevertheless, the stocks have risen 7.38% over the past one year. While a 52-week high of $306.77 was reached on 01/07/25, a 52-week low of $135.88 was recorded on 01/28/25. SMA at 50 days reached $188.16, while 200 days put it at $212.94.

Levels Of Support And Resistance For FSLR Stock

The 24-hour chart illustrates a support level at 157.21, which if violated will result in even more drops to 154.19. On the upside, there is a resistance level at 164.13. A further resistance level may holdings at 168.03. The Relative Strength Index (RSI) on the 14-day chart is 31.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.99%. Stochastics %K at 6.24% indicates the stock is a buying.

How much short interest is there in First Solar Inc?

A steep rise in short interest was recorded in First Solar Inc stocks on 2025-01-15, dropping by -0.6 million shares to a total of 7.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.1 million shares. There was a decline of -7.92%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 26, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $300 price target.

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