First Solar Stock Shines on Q4 Earnings Beat and Full-Year Outlook—Key Level to Monitor

Key TakeawaysFirst Solar shares gained in premarket trading Wednesday after the solar panel maker topped analysts' fourth quarter bottom-line estimates and issued better-than-expected full-year earnings guidance.CEO Mark Widmar said the company continues to see strong mid- to long-term demand, especially in the United States.The company expects to receive between $1 billion and$1.05 billion in tax credits this year.First Solar shares may face selling pressure around $174 near the lower trendline of a Wycko ...