That was fast. 

On July 10, we said, “Oversold shares of First Solar are starting to pivot higher. After slipping from about $310 to $214.37 following the presidential debate, it appears to have found strong support.”

At the time, FSLR traded at about $227. By Thursday, after hitting a high of $240.96, it’s now trading at $235.29, where it’s still a buy.

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Helping, “According to RBC, First Solar should outperform its peers given the strong visibility of future revenue and profit margins, its domestic supply chain that allows the company to take advantage of a favorable regulatory environment with IRA credits as well as a strong product road map,” as noted by CNBC.

Sincerely,

Ian Cooper