First Solar, Inc. (NASDAQ:FSLR) is currently trading at $174.80, gain of over $4.02 (+2.36%) First Solar (FSLR) has been one of the strongest stocks over the last 12 months. It made the pullback I was looking for a few weeks back, but just continues to hold higher. This is another flagpole pattern and we think FSLR could squeeze shorts again for a break over $200. It’s close enough now and has had enough time to coil that I think it could break $200 with another leg higher.
As per a recent PR issued by the company, First Solar (Nasdaq: FSLR) has sold its 141 MW AC utility-scale solar plant, Luz del Norte, in Copiapó, Chile to Toesca, a Chilean-based independent asset manager. The sale was announced in First Solar’s Q3 2022 earnings call and completed in December 2022, with no disclosed terms.