First Falls to 199th in Volume Despite 3.16 Rally on Renewable Energy Momentum

On September 22, 2025, , , ranking it 199th in volume among listed stocks. , reflecting renewed investor interest amid market volatility.

Analysts attribute the price movement to recent developments in the renewable energy sector, particularly regulatory shifts favoring . Market participants noted limited short-term catalysts for the stock, with technical indicators suggesting consolidation after a multi-week trading range. However, institutional activity remains subdued, with no major institutional purchases reported in the past week.

The back-test strategy for the "top-500-by-volume" approach requires clarification on key parameters: universe definition (e.g., Russell 3000 inclusion/exclusion), trading conventions (open vs. close entry), and rebalancing frequency. Implementation details such as transaction costs and out-of-sample testing from January 3, 2022, must be confirmed to ensure the strategy's feasibility and accuracy. Once finalized, the process will generate daily rankings, execute buy/sell signals, and produce performance metrics for review.