First Solar, Inc. (NASDAQ:FSLR) CEO Mark R. Widmar sold 20,574 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $63.90, for a total transaction of $1,314,678.60. Following the completion of the transaction, the chief executive officer now owns 78,634 shares in the company, valued at approximately $5,024,712.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of First Solar, Inc. (NASDAQ FSLR) traded up $0.37 on Wednesday, reaching $69.52. 1,043,959 shares of the company’s stock were exchanged, compared to its average volume of 2,037,808. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.63 and a current ratio of 5.89. The company has a market capitalization of $7,318.45, a price-to-earnings ratio of -43.42, a P/E/G ratio of 4.09 and a beta of 2.08. First Solar, Inc. has a 1 year low of $25.56 and a 1 year high of $76.61.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $459.93 million. First Solar had a negative net margin of 5.63% and a positive return on equity of 5.17%. The firm’s revenue for the quarter was down 29.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. research analysts forecast that First Solar, Inc. will post 1.67 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of FSLR. Thompson Davis & CO. Inc. acquired a new position in shares of First Solar in the fourth quarter valued at $101,000. NuWave Investment Management LLC acquired a new position in shares of First Solar in the fourth quarter valued at $162,000. Compagnie Lombard Odier SCmA increased its holdings in shares of First Solar by 145.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 2,700 shares of the solar cell manufacturer’s stock valued at $182,000 after purchasing an additional 1,600 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of First Solar in the fourth quarter valued at $201,000. Finally, WealthTrust Fairport LLC acquired a new position in shares of First Solar in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 53.50% of the company’s stock.
A number of research firms recently issued reports on FSLR. Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Wednesday, February 7th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Guggenheim reissued a “neutral” rating on shares of First Solar in a report on Thursday, January 18th. They noted that the move was a valuation call. Bank of America began coverage on shares of First Solar in a report on Thursday, December 14th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Standpoint Research raised shares of First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 price objective for the company in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $69.83.
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First Solar Company Profile
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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