On Monday, First Solar earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 78.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if First Solar can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
The company posted 16% earnings growth in its most recent report, while sales growth came in at 11%.
The company earns the No. 1 rank among its peers in the Energy-Solar industry group. Daqo New Energy ADR and SunRun are also among the group's highest-rated stocks.
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