Today’s Research Reports on Trending Tickers: SunPower and First Solar
U.S. markets closed up Tuesday on the strength of upbeat corporate earnings and strong economic data. On Tuesday, China announced tariffs of between 5 to 10 percent on $60 billion worth of U.S. in response to U.S. tariffs. The Dow Jones Industrial Average gained 0.71 percent to close at 26,246.96, while the S&P 500 Index hiked 0.54 percent to close at 2,904.31. The Nasdaq Composite Index jumped 0.76 percent to close at 7,956.11.
“In my opinion, I see President Trump as trying to force the trading partners to the bargaining table to renegotiate trade deals that have long favored other countries over the U.S. His methods are unconventional but the U.S. economy is strong, earnings are healthy and confidence among consumers and investors remains high,” said chief investment strategist at SlateStone Wealth, Robert Pavlik.
RDI Initiates Coverage on:
First Solar, Inc.
SunPower’s stock jumped 14.74% Tuesday, to close the day at $7.55. The stock recorded a trading volume of 6,755,035 shares, which was above its three months average volume of 1,491,260 shares. In the last year, SunPower’s shares have traded in a range of 6.36 – 10.00. The share price has gained 18.71% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $6.90 is below its 200-day moving average of $7.77. Shares of SunPower have gained roughly 13.7 percent in the past month and are down 10.44 percent year-to-date.
Access RDI’s SunPower Corporation Research Report at:
On Tuesday, shares of First Solar recorded a trading volume of 1,614,581 shares, which was above the three months average volume of 1,579,946 shares. The stock ended the day 3.77% higher at $49.55. The share price has fallen 39.37% from its 52 week high with a 52 week trading range of 45.26 – 81.72. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $51.54 is below its 200-day moving average of $60.92. Shares of First Solar have fallen roughly 2.84 percent in the past month and are down 26.61 percent year-to-date.
Access RDI’s First Solar, Inc. Research Report at:
Our Actionable Research on SunPower Corporation (NASDAQ:SPWR) and First Solar, Inc. (NASDAQ:FSLR) can be downloaded free of charge at Research Driven Investing.
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