Solar Stocks to Sell: First Solar (FSLR)
Click to Enlarge First Solar (FSLR) is a U.S.-based manufacturer of solar modules as well as a constructor of turnkey solar power plants for utilities. While the company is benefiting from possible U.S. trade protection, it’s suffering from a move by the Chinese on Jan. 20 to impose tariffs on solar-grade polysilicon from the U.S. and South Korea.
FSLR stock has fallen through its 200-day moving average for the first time since August. A drop to the September low would be worth a 26% decline from here.
As of this writing, Anthony had recommended TSL and JASO short to his clients.