First Solar (NASDAQ:FSLR) Insider Sells $2,929,076.80 in Stock

First Solar, Inc. (NASDAQ:FSLR) insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the completion of the sale, the insider owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Caroline Stockdale also recently made the following trade(s):

• On Tuesday, May 5th, Caroline Stockdale sold 262 shares of First Solar stock. The shares were sold at an average price of $215.63, for a total transaction of $56,495.06.
• On Monday, March 16th, Caroline Stockdale sold 335 shares of First Solar stock. The shares were sold at an average price of $200.80, for a total transaction of $67,268.00.
• On Monday, March 9th, Caroline Stockdale sold 1,041 shares of First Solar stock. The shares were sold at an average price of $190.36, for a total transaction of $198,164.76.
• On Tuesday, March 3rd, Caroline Stockdale sold 1,650 shares of First Solar stock. The shares were sold at an average price of $195.93, for a total transaction of $323,284.50.

First Solar Price Performance

First Solar stock opened at $318.25 on Thursday. First Solar, Inc. has a 1 year low of $135.50 and a 1 year high of $320.95. The firm has a 50 day moving average price of $220.44 and a 200 day moving average price of $232.39. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.69 and a beta of 1.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. First Solar’s revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. Sell-side analysts predict that First Solar, Inc. will post 17.61 earnings per share for the current year.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Mizuho reduced their price target on shares of First Solar from $271.00 to $243.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Royal Bank Of Canada reduced their price target on shares of First Solar from $258.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Susquehanna reduced their price target on shares of First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Finally, HSBC lifted their price target on shares of First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in shares of First Solar during the fourth quarter worth $25,000. Reflection Asset Management acquired a new position in shares of First Solar during the fourth quarter worth $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of First Solar during the fourth quarter worth $26,000. Larson Financial Group LLC lifted its position in shares of First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of First Solar in the fourth quarter worth $30,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.