When putting together your watch list, focus on stocks with an 80 or higher RS Rating. First Solar is one stock that just reached the mark, now earning a score of 83.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 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 80 or better RS Rating as they begin their biggest runs.
Hone Your Stock-Picking Skills By Focusing On These Factors
While now is not an ideal time to buy shares, see if the stock is able to form a chart pattern and break out.
The company reported 16% earnings growth last quarter, while sales growth came in at 11%.
The company holds the No. 1 rank among its peers in the Energy-Solar industry group. SunRun and Daqo New Energy ADR are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
