First Solar, Inc. (NASDAQ:FSLR) Insider Georges Antoun Sells 229 Shares

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 229 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $30,628.75. Following the completion of the transaction, the insider now directly owns 52,836 shares in the company, valued at approximately $7,066,815. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

First Solar Trading Down 0.7 %

NASDAQ:FSLR opened at $128.46 on Friday. The firm has a fifty day simple moving average of $157.42 and a 200-day simple moving average of $188.89. First Solar, Inc. has a 12 month low of $124.96 and a 12 month high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.75 billion, a P/E ratio of 11.06, a PEG ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last issued 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). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. On average, equities research analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada dropped their price target on First Solar from $280.00 to $251.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of First Solar from $282.00 to $268.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and set a $280.00 price objective on shares of First Solar in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Redburn Atlantic assumed coverage on First Solar in a research report on Monday, March 3rd. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $262.08.

Institutional Trading of First Solar

Institutional investors and hedge funds have recently bought and sold shares of the business. Strengthening Families & Communities LLC acquired a new stake in First Solar during the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC grew its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of First Solar during the 4th quarter valued at about $53,000. Finally, Hudson Edge Investment Partners Inc. purchased a new position in shares of First Solar in the 4th quarter valued at about $53,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

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.