First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 566 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 $27,541.56. Following the completion of the sale, the chief financial officer now owns 963 shares of the company’s stock, valued at approximately $46,859.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Solar, Inc. (FSLR) traded down 1.50% during mid-day trading on Tuesday, reaching $47.84. 1,513,264 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $42.36 and a 200-day moving average of $35.18. The firm’s market cap is $5.00 billion. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $50.21.

First Solar (NASDAQ:FSLR) last issued 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. The business had revenue of $623 million during the quarter, compared to the consensus estimate of $591.55 million. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The firm’s revenue was down 38.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Analysts anticipate that First Solar, Inc. will post $2.23 earnings per share for the current year.

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A number of research analysts have commented on FSLR shares. Roth Capital upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, April 27th. BidaskClub upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Cowen and Company set a $40.00 price target on shares of First Solar and gave the stock a “buy” rating in a research note on Monday, July 10th. Vetr cut shares of First Solar from a “strong-buy” rating to a “buy” rating and set a $47.53 price target for the company. in a research note on Monday, July 17th. Finally, Axiom Securities upgraded shares of First Solar from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.40 to $51.00 in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.35.

Several institutional investors have recently added to or reduced their stakes in FSLR. BlackRock Inc. increased its position in First Solar by 7,977.6% in the first quarter. BlackRock Inc. now owns 6,922,544 shares of the solar cell manufacturer’s stock valued at $187,601,000 after buying an additional 6,836,843 shares during the last quarter. Wellington Management Group LLP increased its position in First Solar by 28.8% in the first quarter. Wellington Management Group LLP now owns 3,038,924 shares of the solar cell manufacturer’s stock valued at $82,356,000 after buying an additional 679,898 shares during the last quarter. State Treasurer State of Michigan increased its position in First Solar by 99.1% in the second quarter. State Treasurer State of Michigan now owns 754,373 shares of the solar cell manufacturer’s stock valued at $30,084,000 after buying an additional 375,500 shares during the last quarter. Bank of New York Mellon Corp increased its position in First Solar by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 1,373,912 shares of the solar cell manufacturer’s stock valued at $54,791,000 after buying an additional 202,579 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in First Solar by 171.3% in the first quarter. Principal Financial Group Inc. now owns 314,986 shares of the solar cell manufacturer’s stock valued at $8,536,000 after buying an additional 198,889 shares during the last quarter. 60.75% of the stock is owned by hedge funds and other institutional investors.

About First Solar

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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