First Solar, Inc. (NASDAQ:FSLR) COO Philip Dejong sold 15,304 shares of First Solar stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.83, for a total value of $1,038,070.32. Following the completion of the transaction, the chief operating officer now directly owns 10,424 shares of the company’s stock, valued at $707,059.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of First Solar, Inc. (NASDAQ:FSLR) traded up $0.03 during trading hours on Friday, reaching $69.17. The company’s stock had a trading volume of 1,021,133 shares, compared to its average volume of 1,932,383. The company has a market cap of $7,220.00, a PE ratio of -16.63 and a beta of 2.04. First Solar, Inc. has a 12-month low of $25.56 and a 12-month high of $71.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The company’s quarterly revenue was up 59.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS. sell-side analysts expect that First Solar, Inc. will post 2.52 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of First Solar by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,545,727 shares of the solar cell manufacturer’s stock worth $261,043,000 after buying an additional 243,787 shares during the period. Schroder Investment Management Group grew its position in shares of First Solar by 12,600.7% during the 2nd quarter. Schroder Investment Management Group now owns 1,679,286 shares of the solar cell manufacturer’s stock worth $67,306,000 after buying an additional 1,666,064 shares during the period. Bank of New York Mellon Corp grew its position in shares of First Solar by 6.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,546 shares of the solar cell manufacturer’s stock worth $66,825,000 after buying an additional 82,634 shares during the period. Key Square Capital Management LLC acquired a new position in shares of First Solar during the 3rd quarter worth about $23,621,000. Finally, Ecofin Ltd. acquired a new position in shares of First Solar during the 2nd quarter worth about $19,485,000. Institutional investors own 50.87% of the company’s stock.
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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