First Solar Inc

FSLR remains in a Stage 4 decline underpinned by sustained lower highs and lower lows and the active Post-Parabola Collapse and Lower Highs & Lower Lows patterns. Price is trading below declining 9, 21 EMAs, the 50 SMA, and the 200 DMA, indicating continued selling pressure. The medium-term bias is bearish, and short-term timing favors selling into rallies that fail near the 9/21 EMA band. Key risks include potential oversold bounces extending above EMAs and the 200 DMA providing support, which could compress the sell window.

• ↑Record Q1 2026 revenue of $1 billion (+24% YoY) from 31% volume growth
• ↑Contracted backlog of 47.9 GW valued at $14.4 billion ensures multi-year visibility
• ↓Potential Section 232 tariff changes could increase costs and squeeze margins