First Solar, Inc. (FSLR) CEO Sells $2,002,260.00 in Stock

First Solar, Inc. (NASDAQ:FSLR) CEO Mark R. Widmar sold 33,371 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $60.00, for a total transaction of $2,002,260.00. Following the completion of the sale, the chief executive officer now directly owns 152,510 shares of the company’s stock, valued at $9,150,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FSLR traded up $1.90 on Friday, reaching $61.76. 4,447,949 shares of the company traded hands, compared to its average volume of 1,514,061. First Solar, Inc. has a one year low of $36.51 and a one year high of $75.75. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 1.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.57 and a quick ratio of 4.11.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, May 2nd. The solar cell manufacturer reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.52). First Solar had a net margin of 6.43% and a return on equity of 2.80%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $596.32 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that First Solar, Inc. will post 2.47 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of First Solar from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Argus increased their price objective on shares of First Solar to $66.00 and gave the stock an “average” rating in a research note on Friday. Finally, Roth Capital set a $75.00 target price on shares of First Solar and gave the company a “buy” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. First Solar presently has a consensus rating of “Buy” and an average target price of $63.69.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JOYN Advisors Inc. lifted its holdings in First Solar by 130.2% during the 4th quarter. JOYN Advisors Inc. now owns 603 shares of the solar cell manufacturer’s stock valued at $26,000 after buying an additional 341 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in First Solar by 3,850.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,267,749 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 1,235,661 shares during the period. Private Capital Group LLC increased its position in First Solar by 68.6% during the 4th quarter. Private Capital Group LLC now owns 1,165 shares of the solar cell manufacturer’s stock valued at $49,000 after purchasing an additional 474 shares during the period. Valeo Financial Advisors LLC increased its position in First Solar by 180.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock valued at $66,000 after purchasing an additional 1,000 shares during the period. Finally, ETF Managers Group LLC increased its position in First Solar by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 1,828 shares of the solar cell manufacturer’s stock valued at $78,000 after purchasing an additional 249 shares during the period. Institutional investors own 60.76% of the company’s stock.

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First Solar Company Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.

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

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