First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 267 shares of First Solar stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $62.68, for a total value of $16,735.56. Following the sale, the chief financial officer now directly owns 9,623 shares of the company’s stock, valued at $603,169.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ FSLR traded up $1.07 during midday trading on Wednesday, hitting $63.87. The company had a trading volume of 1,316,931 shares, compared to its average volume of 1,345,004. The stock has a market cap of $6.61 billion, a P/E ratio of 46.96, a PEG ratio of 1.20 and a beta of 1.30. The company has a quick ratio of 3.35, a current ratio of 4.05 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $65.34. First Solar, Inc. has a twelve month low of $36.51 and a twelve month high of $69.24.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, August 1st. The solar cell manufacturer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.20). The company had revenue of $585.00 million during the quarter, compared to analyst estimates of $656.80 million. First Solar had a net margin of 0.95% and a return on equity of 0.46%. First Solar’s revenue was up 89.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.46) earnings per share. As a group, equities analysts predict that First Solar, Inc. will post 2.37 EPS for the current fiscal year.
Several analysts recently weighed in on FSLR shares. BidaskClub raised First Solar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Barclays reaffirmed a “buy” rating on shares of First Solar in a report on Friday, August 2nd. ValuEngine raised First Solar from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research cut First Solar from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Argus lifted their price objective on First Solar to $66.00 and gave the company an “average” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. First Solar currently has an average rating of “Buy” and an average target price of $70.11.
About First Solar
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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