First Solar, Inc. (NASDAQ:FSLR) was the target of some unusual options trading activity on Friday. Investors bought 9,351 call options on the company. This is an increase of approximately 182% compared to the typical volume of 3,320 call options.

In other news, CFO Alexander R. Bradley sold 566 shares of the company’s 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 transaction, the chief financial officer now owns 963 shares of the company’s stock, valued at $46,859.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark R. Widmar sold 43,189 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $48.55, for a total transaction of $2,096,825.95. Following the transaction, the chief executive officer now directly owns 107,454 shares of the company’s stock, valued at approximately $5,216,891.70. The disclosure for this sale can be found here. Insiders have sold 94,674 shares of company stock valued at $4,655,846 in the last ninety days. 0.58% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI lifted its position in shares of First Solar by 72.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 190,386 shares of the solar cell manufacturer’s stock worth $7,593,000 after purchasing an additional 79,987 shares during the period. Bank of America Corp DE lifted its position in shares of First Solar by 67.2% in the 1st quarter. Bank of America Corp DE now owns 273,426 shares of the solar cell manufacturer’s stock worth $7,409,000 after purchasing an additional 109,938 shares during the period. Baird Financial Group Inc. lifted its position in shares of First Solar by 86.9% in the 1st quarter. Baird Financial Group Inc. now owns 12,890 shares of the solar cell manufacturer’s stock worth $349,000 after purchasing an additional 5,995 shares during the period. HighTower Advisors LLC lifted its position in shares of First Solar by 13.2% in the 1st quarter. HighTower Advisors LLC now owns 22,791 shares of the solar cell manufacturer’s stock worth $617,000 after purchasing an additional 2,662 shares during the period. Finally, James Investment Research Inc. lifted its position in shares of First Solar by 836.5% in the 2nd quarter. James Investment Research Inc. now owns 56,190 shares of the solar cell manufacturer’s stock worth $2,241,000 after purchasing an additional 50,190 shares during the period. Hedge funds and other institutional investors own 53.08% of the company’s stock.

FSLR has been the topic of a number of analyst reports. TheStreet raised shares of First Solar from a “d+” rating to a “c” rating in a research note on Wednesday, July 19th. BidaskClub cut shares of First Solar from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and issued a $57.00 target price on shares of First Solar in a research note on Sunday, September 3rd. Deutsche Bank AG set a $47.00 target price on shares of First Solar and gave the company a “hold” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of First Solar in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.58.

First Solar (NASDAQ:FSLR) opened at 51.41 on Monday. First Solar has a one year low of $25.56 and a one year high of $53.00. The company has a 50-day moving average of $47.85 and a 200 day moving average of $38.35. The firm’s market capitalization is $5.37 billion.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.60. The firm had revenue of $623.00 million for 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 company’s revenue for the quarter was down 38.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. On average, analysts anticipate that First Solar will post $2.11 EPS for the current year.

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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.

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