On Tuesday, First Solar got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 76.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest climbs. See if First Solar can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
First Solar is not currently near a potential buy zone. See if the stock goes on to form a base that could launch a new move.
First Solar showed 104% EPS growth in the latest quarterly report, while sales growth came in at 25%. The next quarterly numbers are expected on or around Oct. 29.
First Solar holds the No. 1 rank among its peers in the Energy-Solar industry group. Daqo New Energy ADR and JinkoSolar Holding ADR are also among the group's highest-rated stocks.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
