First Solar (NASDAQ:FSLR) Insider Sells $78,713.60 in Stock

First Solar, Inc. (NASDAQ:FSLR) insider Kuntal Kumar Verma sold 392 shares of First Solar stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $200.80, for a total value of $78,713.60. Following the completion of the sale, the insider owned 9,616 shares in the company, valued at approximately $1,930,892.80. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kuntal Kumar Verma also recently made the following trade(s):

• On Tuesday, March 17th, Kuntal Kumar Verma sold 180 shares of First Solar stock. The shares were sold at an average price of $199.53, for a total value of $35,915.40.
• On Tuesday, March 10th, Kuntal Kumar Verma sold 408 shares of First Solar stock. The shares were sold at an average price of $195.70, for a total value of $79,845.60.
• On Monday, March 9th, Kuntal Kumar Verma sold 1,386 shares of First Solar stock. The stock was sold at an average price of $190.36, for a total value of $263,838.96.
• On Wednesday, March 4th, Kuntal Kumar Verma sold 728 shares of First Solar stock. The stock was sold at an average price of $196.95, for a total value of $143,379.60.
• On Tuesday, March 3rd, Kuntal Kumar Verma sold 3,426 shares of First Solar stock. The shares were sold at an average price of $195.93, for a total value of $671,256.18.

First Solar Price Performance

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. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $285.99. The company has a current ratio of 2.67, a quick ratio of 2.35 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $224.42 and a 200-day moving average price of $236.51. The stock has a market cap of $21.51 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.35 and a beta of 1.65.

First Solar (NASDAQ:FSLR) last issued its 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. First Solar had a net margin of 29.28% and a return on equity of 17.32%. First Solar’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $3.65 earnings per share. As a group, equities analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Institutional Investors Weigh In On First Solar

Institutional investors have recently made changes to their positions in the stock. Aventura Private Wealth LLC acquired a new stake in shares of First Solar in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new stake in First Solar in the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new stake in shares of First Solar during the 4th quarter worth $26,000. Strategic Wealth Investment Group LLC purchased a new stake in First Solar during the 2nd quarter worth about $26,000. Finally, Larson Financial Group LLC boosted its holdings 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 valued at $27,000 after purchasing an additional 55 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group cut their price objective on shares of First Solar from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft lowered First Solar from a “buy” rating to a “hold” rating and dropped their price target for the company from $300.00 to $245.00 in a research report on Wednesday, February 25th. Mizuho cut their price target on First Solar from $326.00 to $271.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. TD Cowen reduced their price objective on First Solar from $320.00 to $253.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Guggenheim lowered their price objective on First Solar from $312.00 to $269.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.17.

About First Solar

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.