Keep an eye on First Solar (FSLR).

After a recent pullback, JP Morgan believes it offers an attractive entry point. In fact, they note, “We believe the recent pullback tilts risk-reward favorably for a company that has the best visibility into medium-term growth prospects owing to a backlog that stretches into later this decade,” as highlighted by CNBC.

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Also, at $153.13, it’s over-extended on RSI, MACD, and Williams’ %R. From this current price, we’d like to see it initially retest $172 shortly.


Ian Cooper