Today’s Research Reports on Trending Tickers: First Solar and SunPower

NEW YORK, NY / ACCESSWIRE / May 9, 2018 / U.S. markets posted minor changes Tuesday after President Trump announced the U.S. withdrawal from the Iran nuclear deal. The Dow Jones Industrial Average gained 0.01 percent to close at 24,360.21, while the S&P 500 Index declined 0.03 percent to close at 2,671.92. The Nasdaq Composite Index rose 0.02 percent to close at 7,266.90.

“The reason the market is not dramatically selling off is he didn’t close the door to further negotiations, but he also made it clear it would be on [Trump’s] terms,” said Quincy Krosby, chief market strategist at Prudential Financial, according to MarketWatch.

“How far does the U.S. go with the secondary sanctions, that’s the main issue for the market. You have to look at whether the market will punish the European companies who do business with Iran,” said Krosby.

RDI Initiates Coverage on:

First Solar, Inc.
https://rdinvesting.com/news/?ticker=FSLR

SunPower Corporation
https://rdinvesting.com/news/?ticker=SPWR

First Solar’s stock edged 0.16% higher Tuesday, to close the day at $67.26. The stock recorded a trading volume of 934,548 shares, which was below its three months average volume of 1,721,632 shares. In the last year, First Solar’s shares have traded in a range of 33.27 – 81.72. The share price has gained 102.16% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $71.49 is greater than its 200-day moving average of $66.63. Shares of First Solar have fallen roughly 3.5 percent in the past month and are down 0.39 percent year-to-date.

Access RDI’s First Solar, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FSLR

On Tuesday, shares of SunPower recorded a trading volume of 1,423,721 shares, which was below the three months average volume of 2,336.340 shares. The stock ended the day 0.59% higher at 8.47. The share price has gained 31.11% from its 52 week low with a 52 week trading range of 6.46 – 11.70. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $8.32 is greater than its 200-day moving average of $8.06. Shares of SunPower have gained roughly 4.57 percent in the past month and are up 0.47 percent year-to-date.

Access RDI’s SunPower Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SPWR

Our Actionable Research on First Solar, Inc. (NASDAQ :FSLR) and SunPower Corporation (NASDAQ :SPWR) can be downloaded free of charge at Research Driven Investing.

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