First Solar Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for First Solar (NASDAQ:FSLR) shows a bearish sentiment among investors, with 54% of trades being bearish. Significant trading activity predicts a price range of $145.0 to $175.0 for the next three months. Notable options activity includes both bullish puts and bearish calls, indicating mixed expectations. First Solar, a leading thin-film solar module manufacturer, saw its stock price increase by 1.38% to $161.26. Analysts have mixed views, with an average target price of $229.25, but recent downgrades suggest caution.
March 06, 2024 | 5:16 pm
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First Solar's options trading shows a bearish sentiment, but stock price increased by 1.38% to $161.26. Analysts have a mixed outlook with an average target price of $229.25.
The bearish sentiment in options trading contrasts with the recent stock price increase and the optimistic target price set by analysts. This mixed sentiment could lead to short-term volatility in FSLR's stock price, making it difficult to predict the direction. The recent downgrade by an analyst adds to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100