NEW YORK (TheStreet) -- Shares of First Solar (FSLR) - Get Report are decreasing by 2.27% to $64.93 in early afternoon trading on Monday.

The Tempe, AZ-based company is a global provider of solar energy solutions.

On Friday, Barclayssaid First Solar was its top solar energy pick and raised its price target to $90 from $71. The firm maintained its "overweight" rating on the stock.

The company has a strong balance sheet and ability to exploit long-term demand, Barclays added.

TheStreet'sChris Versace and Bob Lang of Trifecta Stocks have identified First Solar as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

While markets finished strong last week, make no mistake, chart damage is being spread from one stock to the next like a virus. As we look through the landscape (wasteland?) of charts, we see many bear flags are set up for the next move, which may be down. Only a handful sport any potential for a move upward. First Solar is one of them.

The uptrend line is still intact, and while the stock fell sharply from recent levels ($70s), it caught support and rallied nicely to the middle of the channel.

The moving average convergence divergence (MACD) is looking to turn higher. When it crosses over, it will be a buy signal.

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Chris Versace and Bob Lang "Chart of the Day: First Solar" originally published on 1/25/16 on Trifecta Stocks.

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Separately, TheStreet Ratings Team has a "buy" rating with a score of B on First Solar.

This is driven by a few notable strengths, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income.

Although no company is perfect, currently the team does not see any significant weaknesses which are likely to detract from the generally positive outlook.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FSLR