Solar Stocks has a bright future - Technical and Elliott wave analysis on FSLR and SPWR

First Solar

Todd asked me about some Solar stocks and I have to say they look very promising.

We can see that a huge inverted Shoulder/Head/Shoulder has been activated for a rally towards 140-145 over the coming year(s).

SunPower

Is currently in wave v of 1 and we should expect wave 2 to take over soon. That said the long term Outlook for SunPower is promising and we should look for a multi-year rally higher towards at least 29.69, but I would not be surprised to see a move higher towards the 53 - 54 area.