First Gen Recorded Lower Profit in 2017

First Gen Corporation reported a flat return of earnings and lower profit during 2017 because of the fragile spot prices of the market and the damage to the company's hydroelectric and geothermal platforms which resulted from the major earthquake that occurred in Leyte.

First Gen Corporation (FGEN) – Analysis – February 23, 2017

First Gen Corporation (PSE:FGEN) is clearly bearish in both short term and medium term. Support is estimated at 21.50. The volume profile is sluggish and is increasing during the downward move. RSI is now pointing upwards and is seemed to have reached oversold levels. MACD still...

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