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First Solar is moving domestic production of its Series 6 Plus solar modules to a new $330 million factory in Gaffney, South Carolina, while the stock is little changed on the day, trading near $175.9.
First Solar is moving final production of its Series 6 Plus solar modules to a new factory in Gaffney, South Carolina. The facility carries a value of about $330 million. The site is nearing completion, according to Southernrcc. First Solar will inaugurate the first phase of the Gaffney facility on October 28, 2026, according to Yahoo! Finance.
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Price is testing resistance from MA-20 at $176.03 without breaking through. Shares of First Solar remain below MA-20, MA-50 and MA-200, which keeps the overall daily trend biased to the downside. Stoch RSI nearing overbought territory suggests the recent upward move may be losing room to advance further.
To gauge whether the recent update is finding its way into the share price, traders should watch for a decisive move relative to $176.03. Price has pressed right up against resistance from MA-20 at this level, but has not managed a clear break above it. Over the next five trading days, the probability of downside is 65% with 35% odds for upside, and shares of First Solar are expected to fluctuate between $170.77 and $181.02. Even though there was an emerging move higher over the past week, it remains unconfirmed; a close above $176.03 would signal buyers gaining conviction, while a fall under $166.14 would indicate sellers reasserting control. The longer-term trend remains firmly negative on the weekly chart.
Earlier, analysts noted that First Solar was experiencing a technical rebound driven by improved long-term fundamentals, but that sustained upside depended on overcoming key resistance levels. The recent shift of Series 6 Plus module production to a new South Carolina facility introduces an operational catalyst, making a decisive move above $176.03 the next critical technical milestone for traders.