First Solar, Inc. (FSLR) Insider Georges Antoun Sells 3,142 Shares of Stock

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 3,142 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $70.63, for a total transaction of $221,919.46. Following the transaction, the insider now owns 77,535 shares in the company, valued at approximately $5,476,297.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Georges Antoun also recently made the following trade(s):

  • On Monday, April 23rd, Georges Antoun sold 3,142 shares of First Solar stock. The shares were sold at an average price of $74.63, for a total transaction of $234,487.46.
  • On Wednesday, March 21st, Georges Antoun sold 1,800 shares of First Solar stock. The shares were sold at an average price of $74.25, for a total transaction of $133,650.00.
  • On Wednesday, March 7th, Georges Antoun sold 1,220 shares of First Solar stock. The shares were sold at an average price of $68.25, for a total transaction of $83,265.00.

FSLR traded down $0.22 during midday trading on Thursday, reaching $68.20. The company’s stock had a trading volume of 38,699 shares, compared to its average volume of 2,057,301. First Solar, Inc. has a 1 year low of $35.33 and a 1 year high of $81.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.49 and a current ratio of 6.81. The stock has a market cap of $7.33 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.75 and a beta of 1.84.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, April 26th. The solar cell manufacturer reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.86. First Solar had a negative net margin of 3.51% and a positive return on equity of 6.26%. The firm had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $421.47 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was down 36.4% on a year-over-year basis. equities research analysts predict that First Solar, Inc. will post 1.77 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of First Solar by 2.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 25,320 shares of the solar cell manufacturer’s stock valued at $1,797,000 after buying an additional 690 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of First Solar by 2.0% during the first quarter. Mason Street Advisors LLC now owns 40,930 shares of the solar cell manufacturer’s stock valued at $2,905,000 after buying an additional 798 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of First Solar by 4.6% during the first quarter. Thrivent Financial for Lutherans now owns 18,529 shares of the solar cell manufacturer’s stock valued at $1,315,000 after buying an additional 809 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of First Solar by 18.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,184 shares of the solar cell manufacturer’s stock valued at $350,000 after buying an additional 816 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Solar by 19.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,220 shares of the solar cell manufacturer’s stock valued at $352,000 after buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 53.31% of the company’s stock.

FSLR has been the topic of several research analyst reports. Bank of America upgraded shares of First Solar from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 18th. Zacks Investment Research upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Wednesday, February 7th. BidaskClub upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. UBS boosted their price target on shares of First Solar from $81.00 to $94.00 and gave the company a “positive” rating in a research report on Monday, April 30th. Finally, ValuEngine upgraded shares of First Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.47.

About First Solar

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components 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.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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