First Solar, Inc. (NASDAQ:FSLR) EVP Paul J. Kaleta sold 1,605 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $70.10, for a total transaction of $112,510.50. Following the completion of the sale, the executive vice president now owns 5,814 shares in the company, valued at approximately $407,561.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of First Solar, Inc. (NASDAQ:FSLR) traded up $0.28 during trading hours on Wednesday, reaching $69.43. The company’s stock had a trading volume of 934,198 shares, compared to its average volume of 2,037,302. The company has a market cap of $7,318.45, a PE ratio of -43.42, a P/E/G ratio of 4.09 and a beta of 2.08. First Solar, Inc. has a 12-month low of $25.56 and a 12-month high of $76.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.89 and a quick ratio of 5.63.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The firm had revenue of $339.00 million during the quarter, compared to analysts’ expectations of $459.93 million. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. The company’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. sell-side analysts expect that First Solar, Inc. will post 1.67 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of FSLR. Thompson Davis & CO. Inc. acquired a new position in shares of First Solar during the 4th quarter worth about $101,000. NuWave Investment Management LLC acquired a new position in shares of First Solar during the 4th quarter worth about $162,000. Compagnie Lombard Odier SCmA grew its position in shares of First Solar by 145.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,700 shares of the solar cell manufacturer’s stock worth $182,000 after buying an additional 1,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of First Solar by 64.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,383 shares of the solar cell manufacturer’s stock worth $201,000 after buying an additional 1,716 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in shares of First Solar during the 4th quarter worth about $201,000. Institutional investors own 53.50% of the company’s stock.
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.
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