First Solar (NASDAQ:FSLR) CFO Alexander Bradley Sells 14,106 Shares

First Solar, Inc. (NASDAQ:FSLR) CFO Alexander Bradley sold 14,106 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $199.97, for a total value of $2,820,776.82. Following the completion of the transaction, the chief financial officer directly owned 30,000 shares in the company, valued at $5,999,100. This trade represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Solar Trading Up 0.5%

Shares of NASDAQ:FSLR traded up $0.94 on Tuesday, hitting $200.42. 1,358,366 shares of the company’s stock were exchanged, compared to its average volume of 2,623,352. The stock has a market capitalization of $21.51 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.35 and a beta of 1.65. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.67 and a quick ratio of 2.35. The business’s 50 day simple moving average is $224.42 and its two-hundred day simple moving average is $236.51.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.38). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. First Solar had a return on equity of 17.32% and a net margin of 29.28%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.65 earnings per share. Analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reduced their target price on shares of First Solar from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Wolfe Research lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Solar in a report on Monday, December 29th. Daiwa Securities Group raised their target price on shares of First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada reduced their price target on shares of First Solar from $258.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.17.

Institutional Investors Weigh In On First Solar

Institutional investors have recently bought and sold shares of the company. Linden Thomas Advisory Services LLC grew its holdings in First Solar by 1.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 2,287 shares of the solar cell manufacturer’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of First Solar by 1.2% during the 4th quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after purchasing an additional 44 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of First Solar by 18.2% during the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after purchasing an additional 45 shares during the last quarter. FIL Ltd boosted its position in shares of First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock worth $185,000 after purchasing an additional 46 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in First Solar by 2.6% in the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock worth $414,000 after purchasing an additional 47 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

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.