First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 227 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $54.06, for a total value of $12,271.62. Following the completion of the sale, the chief financial officer now owns 8,660 shares of the company’s stock, valued at approximately $468,159.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:FSLR traded down $0.73 during midday trading on Friday, hitting $53.71. 1,488,400 shares of the stock were exchanged, compared to its average volume of 1,577,643. The company has a current ratio of 4.57, a quick ratio of 4.11 and a debt-to-equity ratio of 0.09. First Solar, Inc. has a 52-week low of $36.51 and a 52-week high of $81.72. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 1.58 and a beta of 1.27.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, February 21st. The solar cell manufacturer reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.15). First Solar had a return on equity of 2.80% and a net margin of 6.43%. The firm had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter in the prior year, the business posted ($0.25) earnings per share. First Solar’s revenue was up 103.8% on a year-over-year basis. On average, sell-side analysts forecast that First Solar, Inc. will post 2.48 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. JOYN Advisors Inc. raised its holdings in First Solar by 130.2% during the fourth quarter. JOYN Advisors Inc. now owns 603 shares of the solar cell manufacturer’s stock valued at $26,000 after buying an additional 341 shares in the last quarter. Private Capital Group LLC raised its holdings in First Solar by 68.6% during the fourth quarter. Private Capital Group LLC now owns 1,165 shares of the solar cell manufacturer’s stock valued at $49,000 after buying an additional 474 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in First Solar by 180.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock valued at $66,000 after buying an additional 1,000 shares in the last quarter. ETF Managers Group LLC raised its holdings in First Solar by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 1,828 shares of the solar cell manufacturer’s stock valued at $78,000 after buying an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in First Solar by 231.8% during the fourth quarter. Advisors Asset Management Inc. now owns 2,641 shares of the solar cell manufacturer’s stock valued at $112,000 after buying an additional 1,845 shares in the last quarter. Institutional investors and hedge funds own 59.97% of the company’s stock.
FSLR has been the subject of a number of research analyst reports. Barclays initiated coverage on First Solar in a report on Monday, January 7th. They issued an “overweight” rating and a $63.00 target price for the company. Goldman Sachs Group upgraded First Solar to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, January 16th. Argus upgraded First Solar from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, December 4th. BidaskClub lowered First Solar from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Finally, Morgan Stanley reduced their target price on First Solar from $61.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.40.
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About First Solar
First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.
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