Centennial Bank AR lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) by 53.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,146 shares of the solar cell manufacturer’s stock after selling 2,500 shares during the period. Centennial Bank AR’s holdings in First Solar were worth $561,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aventura Private Wealth LLC purchased a new stake in First Solar in the fourth quarter worth $25,000. Strategic Wealth Investment Group LLC purchased a new stake in First Solar in the second quarter worth $26,000. Commonwealth Retirement Investments LLC purchased a new stake in First Solar in the fourth quarter worth $26,000. Larson Financial Group LLC increased its stake in First Solar by 117.0% in 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 during the period. Finally, Elyxium Wealth LLC purchased a new stake in First Solar in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
Insider Activity
In other news, CFO Alexander R. Bradley sold 498 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total transaction of $107,383.74. Following the transaction, the chief financial officer owned 30,712 shares in the company, valued at approximately $6,622,428.56. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mark R. Widmar sold 9,926 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $233.21, for a total value of $2,314,842.46. Following the transaction, the chief executive officer owned 95,148 shares in the company, valued at approximately $22,189,465.08. This represents a 9.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,466 shares of company stock valued at $8,014,105. Company insiders own 0.39% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on FSLR
First Solar Stock Performance
Shares of First Solar stock opened at $254.80 on Thursday. The firm has a market cap of $27.38 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.58 and a beta of 1.71. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 12 month low of $139.26 and a 12 month high of $320.95. The stock’s fifty day moving average price is $236.08 and its 200-day moving average price is $233.38.
First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 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 for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. On average, equities research analysts expect that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.
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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