First Solar, Inc. (NASDAQ:FSLR) CFO Sells $80,116.25 in Stock

First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 599 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $80,116.25. Following the completion of the transaction, the chief financial officer now directly owns 45,717 shares of the company’s stock, valued at $6,114,648.75. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Solar Stock Down 0.7 %

FSLR stock opened at $128.46 on Friday. The company has a market cap of $13.75 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. The business has a 50-day simple moving average of $157.42 and a 200 day simple moving average of $188.89. First Solar, Inc. has a 52 week low of $124.96 and a 52 week high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. Sell-side analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in First Solar by 3.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,134 shares of the solar cell manufacturer’s stock valued at $1,081,000 after acquiring an additional 222 shares during the last quarter. Lighthouse Financial LLC bought a new position in First Solar in the fourth quarter valued at about $363,000. Siemens Fonds Invest GmbH grew its position in First Solar by 147.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 2,749 shares of the solar cell manufacturer’s stock valued at $484,000 after acquiring an additional 1,640 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in First Solar in the fourth quarter valued at about $43,442,000. Finally, Mackenzie Financial Corp grew its position in First Solar by 4.7% in the fourth quarter. Mackenzie Financial Corp now owns 16,276 shares of the solar cell manufacturer’s stock valued at $2,868,000 after acquiring an additional 738 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSLR. JPMorgan Chase & Co. decreased their target price on shares of First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price objective on shares of First Solar in a research report on Wednesday, February 26th. Truist Financial reaffirmed a “buy” rating and set a $285.00 price objective (down from $300.00) on shares of First Solar in a research report on Wednesday, February 26th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Barclays reduced their price objective on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $262.08.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.