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Hot Stocks to Buy: First Solar, Inc. (FSLR)

We’ll start by saying that the solar and many solar-related companies have been a little testy given the fact that a number of these companies operate with heavy support from government programs.

Nonetheless, First Solar, Inc. (NASDAQ:FSLR) shares have just moved into a bull market as the stock crossed above its 20-month moving average on their latest earnings.

FSLR stock has been sound technically over the intermediate-term and the move above the long-term, 20-month moving average will attract more buyers and upgrades. Right now, only 47% of the analysts covering the stock have it as a buy, a number that will grow over the second half of the year.

We’re expecting First Solar shares to potentially drive to the $70-mark before easing.

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