First Solar, Inc. (NASDAQ:FSLR – Get Free Report) CEO Mark Widmar sold 1,300 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $240.02, for a total value of $312,026.00. Following the completion of the sale, the chief executive officer owned 93,848 shares in the company, valued at approximately $22,525,396.96. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
First Solar Stock Performance
Shares of FSLR opened at $233.37 on Friday. The firm has a market cap of $25.08 billion, a PE ratio of 15.08, a PEG ratio of 0.51 and a beta of 1.57. The stock’s fifty day moving average price is $200.53 and its two-hundred day moving average price is $231.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. First Solar, Inc. has a 1 year low of $135.50 and a 1 year high of $285.99.
First Solar (NASDAQ:FSLR – Get Free Report) last issued its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. On average, equities research analysts forecast that First Solar, Inc. will post 17.64 EPS for the current year.
Institutional Trading of First Solar
Analyst Ratings Changes
Several analysts have issued reports on the company. Wells Fargo & Company lowered their target price on First Solar from $285.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC boosted their target price on First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. DZ Bank upgraded First Solar to a “strong sell” rating in a research note on Thursday, February 26th. Jefferies Financial Group decreased their price objective on First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. Finally, Guggenheim dropped their price objective on First Solar from $312.00 to $269.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average price target of $247.03.
Read Our Latest Report on First Solar
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.
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