WESTON, Fla., Sept. 25, 2009 (GLOBE NEWSWIRE) -- FlowTrades.com, www.FlowTrades.com, an online subscription service that increases confidence in trading stocks, by providing in-depth technical analysis of stocks with a simple to use system to lock up profits and limit losses, announces its technical trading outlook for First Solar, Inc. (Nasdaq:FSLR)
Shares of First Solar, Inc. (Nasdaq:FSLR) have been riding higher on the back of crude oil. Now that oil has recently been moving lower and broke support at $67 per barrel, you have to wonder if this will translate into weakness for First Solar, Inc. (Nasdaq:FSLR).
The solar panel market has slowdown, as all the expected solar panel installation projects have stalled. The main culprit is the lack of adequate bank financing making it difficult for entrepreneurs and investors to fund the projects.
The government allocated stimulus money for green jobs, however this has not been enough to unleash higher installations rates as the global recession not only delayed investment decisions but also put on hold existing projects. The required funds to make solar panel installations make it also difficult for individual consumers to adopt the technology, as they are stretched thin.
At the end, the decision to install solar panels has to make sense economically and have a reasonable pay back period. But with the lack of financing, even projects that make sense cannot start.
To access the full technical trading outlook on First Solar, Inc. (Nasdaq:FSLR) visit www.flowtrades.com/stockbuzz-press/250-fslr092509.html
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