- FSLR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $100.5 million.
- FSLR has traded 3.8 million shares today.
- FSLR is trading at 4.26 times the normal volume for the stock at this time of day.
- FSLR crossed below its 200-day simple moving average.
'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in FSLR with the Ticky from Trade-Ideas. See the FREE profile for FSLR NOW at Trade-Ideas More details on FSLR: First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. FSLR has a PE ratio of 15.8. Currently there are 6 analysts that rate First Solar a buy, no analysts rate it a sell, and 8 rate it a hold. The average volume for First Solar has been 3.0 million shares per day over the past 30 days. First Solar has a market cap of $6.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 3.81 and a short float of 11% with 4.07 days to cover. Shares are up 38.9% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates First Solar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 1.4%. Since the same quarter one year prior, revenues rose by 31.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- FSLR's debt-to-equity ratio is very low at 0.04 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, FSLR has a quick ratio of 2.29, which demonstrates the ability of the company to cover short-term liquidity needs.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 194.1% when compared to the same quarter one year prior, rising from $65.26 million to $191.96 million.
- Net operating cash flow has significantly increased by 382.81% to $928.00 million when compared to the same quarter last year. In addition, FIRST SOLAR INC has also vastly surpassed the industry average cash flow growth rate of -38.79%.
- You can view the full First Solar Ratings Report.
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