When putting together your watch list, look for stocks with an 80 or higher RS Rating. First Solar stock now meets that criteria, with an increase from 65 to 89 Thursday.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Is First Solar Stock A Buy?
First Solar stock reclaimed its 50-day moving average on Wednesday. While the solar stock is not near a proper buying range right now, see if it goes on to form and break out from a proper chart pattern.
The solar energy firm posted 104% EPS growth in the latest quarterly report, while sales growth came in at 25%.
First Solar stock earns the No. 1 rank among its peers in the Energy-Solar industry group. SunRun and Sunnova Energy Intl are also among the group's highest-rated stocks.
