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.
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.
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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