First Solar, Inc. (NASDAQ:FSLR) insider Bryan Robert Schumaker sold 332 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $48.66, for a total transaction of $16,155.12. Following the sale, the insider now directly owns 482 shares in the company, valued at $23,454.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bryan Robert Schumaker also recently made the following trade(s):

  • On Friday, June 23rd, Bryan Robert Schumaker sold 1,235 shares of First Solar stock. The shares were sold at an average price of $40.00, for a total transaction of $49,400.00.

First Solar, Inc. (NASDAQ:FSLR) traded down 1.50% on Tuesday, hitting $47.84. 1,513,264 shares of the company were exchanged. The stock’s 50-day moving average price is $42.36 and its 200-day moving average price is $35.18. The stock’s market capitalization is $5.00 billion. First Solar, Inc. has a 52-week low of $25.56 and a 52-week high of $50.21.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.60. First Solar had a positive return on equity of 6.43% and a negative net margin of 18.80%. The firm had revenue of $623 million during the quarter, compared to the consensus estimate of $591.55 million. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was down 38.7% compared to the same quarter last year. On average, equities research analysts anticipate that First Solar, Inc. will post $2.23 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of FSLR. Zevin Asset Management LLC increased its position in First Solar by 2.4% in the second quarter. Zevin Asset Management LLC now owns 24,285 shares of the solar cell manufacturer’s stock valued at $968,000 after buying an additional 575 shares in the last quarter. Principal Financial Group Inc. increased its position in First Solar by 5.1% in the second quarter. Principal Financial Group Inc. now owns 331,068 shares of the solar cell manufacturer’s stock valued at $13,203,000 after buying an additional 16,082 shares in the last quarter. Allen Investment Management LLC increased its position in First Solar by 7.6% in the second quarter. Allen Investment Management LLC now owns 16,405 shares of the solar cell manufacturer’s stock valued at $654,000 after buying an additional 1,155 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in First Solar by 6.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,725 shares of the solar cell manufacturer’s stock valued at $787,000 after buying an additional 1,159 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in First Solar by 4.9% in the second quarter. Pacer Advisors Inc. now owns 10,117 shares of the solar cell manufacturer’s stock valued at $403,000 after buying an additional 470 shares in the last quarter. 60.75% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on FSLR. Vetr raised shares of First Solar from a “sell” rating to a “hold” rating and set a $48.61 price objective on the stock in a research report on Wednesday, August 2nd. Cowen and Company set a $57.00 price objective on shares of First Solar and gave the company a “buy” rating in a research report on Saturday, July 29th. Barclays PLC reissued a “buy” rating and set a $55.00 price objective on shares of First Solar in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.35.

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.

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

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