Mark R. Widmar Sells 20,270 Shares of First Solar, Inc. (FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) CEO Mark R. Widmar sold 20,270 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $64.40, for a total transaction of $1,305,388.00. Following the transaction, the chief executive officer now owns 100,754 shares in the company, valued at $6,488,557.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Solar, Inc. (NASDAQ FSLR) opened at $70.02 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. The firm has a market cap of $7,312.40, a PE ratio of 17.16 and a beta of 2.03. First Solar, Inc. has a 52 week low of $25.56 and a 52 week high of $70.27.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The company’s quarterly revenue was up 59.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 earnings per share. equities research analysts anticipate that First Solar, Inc. will post 2.47 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in shares of First Solar by 0.5% in the second quarter. Daiwa Securities Group Inc. now owns 24,125 shares of the solar cell manufacturer’s stock valued at $962,000 after purchasing an additional 125 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of First Solar by 1.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 15,100 shares of the solar cell manufacturer’s stock valued at $602,000 after purchasing an additional 165 shares during the period. Intellectus Partners LLC raised its position in shares of First Solar by 1.2% in the second quarter. Intellectus Partners LLC now owns 17,450 shares of the solar cell manufacturer’s stock valued at $696,000 after purchasing an additional 200 shares during the period. Alliancebernstein L.P. raised its position in shares of First Solar by 0.8% in the second quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer’s stock valued at $1,905,000 after purchasing an additional 360 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of First Solar by 4.9% in the second quarter. Pacer Advisors Inc. now owns 10,117 shares of the solar cell manufacturer’s stock valued at $403,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 51.21% of the company’s stock.

Several research analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $57.00 price target on shares of First Solar in a report on Sunday, September 3rd. Roth Capital restated a “buy” rating and set a $60.00 price target on shares of First Solar in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and set a $53.00 price target on shares of First Solar in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $65.00 price target on shares of First Solar in a report on Friday, December 1st. Finally, JMP Securities restated an “outperform” rating and set a $50.00 price target (down from $67.00) on shares of First Solar in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.53.

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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.

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

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