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.