Nice long off of a lovely level. We have what looks like a development of a three driver pattern or something to that description. There has been clear impulse long buying from an early time and continuation off major is expected. This level right now is confluence support and major moving average support. Looks good.
Best of luck
I think FSLR is an innovative and growing company. They can look to capitalise on overall growth in the renewable energy market. They have a decent future of cash flow to the company as well due to the yieldCo they have with Sun power corp too. This should provide investors with some optimism.
Solar energy has had a junk year, SCTY is the worst by far (It seems no one cares that Elon Musk was behind them). Solar city are focussed on installing solar panels to homes and small business on roof tops. This type of "Solar norm" is just not ready to exist yet... I think this is very old, and the stock price relies heavily on the PERCEPTION of solar power. FSLR doesn't have this problem.
But FSLR has a different business model.. FSLR aim to sell bulk and massive supply of solar panels. They build power plants to supply energy to the grid which provides huge strength to this stock. FSLR deals with wholesale companies too, creating bulk continuation, likely to allow FSLR to be hit less hard than other performing solar stocks... It' almost as though FSLR are trying to move into the bulk energy industry under a white blanket, into the already existing energy infrastructure, which is a great move for investors of FSLR.
FSLR is probably the favourite solar stock for me. And compared to SCTY. I actually see them as completely different stocks. If youy want a solar stock with less volatility. Go with FSLR.