Warning: First Solar’s Stock Chart Can Cause Emotional Instability
The last three months have been quite the roller coaster for alternative energy leader First Solar (FSLR). The stock has experienced price swings so radical for investors that even a psychologist would have trouble dealing with the problem.
First Solar is a multi-billion dollar conglomerate that designs and manufactures solar modules for residential and commercial markets not only in the US but also in Asia and Europe. The stock was a high flier back in 2007 when its price ran from under $28 to a peak of $283, or 900%+.
The way down has been just as dramatic though for the stock as the way up. Below we have four major price declines to illustrate this point that have all occurred in the last 90 days.
The time table for these price swings can be broken down as such:
- -34% in 11 trading days
- +34% in 4 trading days
- -59% in 16 trading days
- +57% in 3 trading days
- -41% in 11 trading days
- +88% in 6 trading days
- -36% in 7 trading days
With volatility this absurd First Solar stock can officially be a comparison point for the stock chart of the great depression.
