First Solar Inc. (FSLR) is one of the most well-known names in the sustainable energy sector.
With a 5.5B market cap, this company is substantially larger than leading competitors like SunPower Corporation (SPWR), JinkoSolar Holdings Co. (JKS), and Canadian Solar (CSIQ).
A MESSAGE FROM OUR VALUED PARTNER
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FLSR rallied to new highs in the spring of 2018, however, this stock struggled to hold the momentum and dropped 55% after settling to a 2-year low on October 29, 2018.
After riding under the $45/share market for a little over a month, our Trade Triangle technology spotted a rally and an entry opportunity on January 25, 2019.
MarketClub members received a signal at $50.06. FSLR then continued trending higher (as predicted by our technology).
Member rode this trend until a red signal suggested that members exit that long position at $57.40 on September 30, 2019, and capture a $5.06/share (10.34% gain).
Depending on their trading style, members could be sitting on the sidelines or could have used this signal to take a short position, profiting from the tumble to the $53/share range.
First Solar faces intense competition and declining energy prices outside of the solar category. However, MarketClub is only listening to the technical story for FSLR.
When and if a momentum trend occurs for this leading (although struggling) solar power company, MarketClub members will be the first to know.
Don’t miss the next signal and a chance to ride another rally.