First Solar Stock Loses Power Ahead Of Q4 Earnings, Analysts Still See 67% Upside

First Solar Inc FSLR will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects $4.71 in EPS and $1.47 billion in revenues as the company reports after market hours.

The stock is up 5.76% over the past year, down 18% YTD.

Let’s look at what the charts indicate for First Solar stock and how the stock currently maps against Wall Street estimates.

Read Also: First Solar Q4 Earnings Preview: Sales, Net Bookings To Watch

First Solar Strongly Bearish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

First Solar stock is firmly in bearish territory, with its stock, at $152.91, trading below its five, 20, and 50-day exponential moving averages. This alignment signals strong selling pressure and raises the risk of continued bearish movement. The stock's eight-day simple moving average (SMA) of $159.56 and 20-day SMA of $162.91 both reinforce the bearish outlook, as FSLR stock struggles to regain upward momentum.

Further compounding the negative trend, First Solar's 50-day SMA stands at $177.05, while the 200-day SMA is at $211.45, both significantly above the current share price.

The Moving Average Convergence Divergence (MACD) indicator at a negative 5.71 adds to the bearish sentiment, while the Relative Strength Index (RSI) of 33.06 suggests the stock is nearing oversold territory but not yet at a reversal point.

For investors, the technical setup suggests caution, with the bearish trend likely to persist unless the stock breaks above key resistance levels. A bullish outlook would require a reversal above the 20-day SMA, while continued weakness could push FSLR stock toward lower support levels.

First Solar Analysts See 67% Upside

Ratings & Consensus Estimates: The consensus analyst rating on First Solar stock stands at a Buy currently with a price target of $278.71. Recent ratings from Mizuho, BofA Securities and Barclays suggest a 67.05% upside for First Solar stock with a $256 average price target.

Price Action: First Solar stock was trading at $153.25 at the time of publication.

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