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First Solar, Inc. (FSLR) provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. 
It operates in two segments, Modules and Systems.
The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems.
The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners.
On March 1st, the Company reported Quarter December 2021 earnings of $1.23 per share on revenue of $907.3 million. The consensus earnings estimate was $1.07 per share on revenue of $918.5 million. Revenue grew 48.9% on a year-over-year basis. The company said it expects 2022 revenue of $2.40 million to $2.60 million. Prior estimates were for revenue of $2.77 billion for the year ending December 31, 2022.
Shares have formed a bullish "double bottom" formation that moved the shares above their 50-day MA. Prices usually fluctuate a day or two before moving higher. Note that the solar industry is benefiting from high oil prices. We expect higher share prices.
Entry Price: $79.75
Stop Loss: $75.00
Trading Range: $61.24 to $123.125
Target Pirce: $87.75
