First Solar’s Strategic Gamble: Can a $330 Million Bet Reverse Stock Fortunes?

First Solar is making a bold strategic move with a substantial $330 million investment to expand its South Carolina manufacturing operations, yet market participants remain unconvinced. Despite announcing this expansion that will create approximately 600 jobs and significantly boost module production capacity, the company’s shares continue to face substantial selling pressure. This divergence between corporate strategy and market performance raises critical questions about the stock’s near-term trajectory.

Market technicians observe conflicting signals in First Solar’s chart patterns. While the 3-month MACD indicator currently flashes a buy signal, the equity has been trending downward since early November. Trading volumes have increased during declining sessions, suggesting persistent selling interest. The stock now Read more...