First Solar, Inc. (NASDAQ:FSLR) shows a tremendous technical performance

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Dallas, Texas 07/16/2013 (Financialstrend) – First Solar, Inc. (NASDAQ:FSLR), a provider of solar energy solutions, had a tremendous technical performance during the past year. Stocks of all solar energy companies have showed an outstanding performance over last year and also traded higher this quarter. However, these companies faced issues such as the falling prices for manufactured solar panels and an abundance of supply. As a result, the weakest competitors get out of the market. Investment in solar energy is very effective as the new technology improves their performance. First Solar, Inc. is the leading company in the industry because it provides significant value to customers, advanced technology and offers the most efficient solar modules.

Even though over the past year First Solar, Inc. (NASDAQ:FSLR) lost some ground against its competitors, the company is still the strongest in the industry and has a very strong cash flow, a conservative amount of debt and plenty of cash. First Solar, Inc. has leadership in all the resources it needs to proceed with more advancements in the future and it has a strong customer base.

Intraday range was from a low price of $48.84 to a high price of $51.00. The share price of First Solar, Inc. (NASDAQ:FSLR) closed for the day at $50.27 with an increase of 5.50%. The price range of First Solar for the last 52 weeks was between $13.81 and $59.00. The stock opened at the price of $48.91 on Monday with a market capitalization of $4.41 billion and 87.79 million outstanding shares. With an institutional ownership of 70%, the trading volume for the day of First Solar was 7.96 million and the average trading volume was 6.62 million shares.

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