First Solar (NASDAQ:FSLR) Insider Caroline Stockdale Sells 10,628 Shares of Stock

First Solar, Inc. (NASDAQ:FSLR) insider Caroline Stockdale sold 10,628 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares in the company, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Caroline Stockdale also recently made the following trade(s):

• On Tuesday, May 5th, Caroline Stockdale sold 262 shares of First Solar stock. The stock was sold at an average price of $215.63, for a total transaction of $56,495.06.
• On Monday, March 16th, Caroline Stockdale sold 335 shares of First Solar stock. The stock was sold at an average price of $200.80, for a total transaction of $67,268.00.
• On Monday, March 9th, Caroline Stockdale sold 1,041 shares of First Solar stock. The stock was sold at an average price of $190.36, for a total transaction of $198,164.76.
• On Tuesday, March 3rd, Caroline Stockdale sold 1,650 shares of First Solar stock. The stock was sold at an average price of $195.93, for a total transaction of $323,284.50.

First Solar Stock Performance

NASDAQ FSLR opened at $303.00 on Tuesday. The firm’s fifty day moving average price is $215.51 and its two-hundred day moving average price is $231.65. The stock has a market cap of $32.56 billion, a PE ratio of 19.57, a PEG ratio of 0.68 and a beta of 1.70. First Solar, Inc. has a fifty-two week low of $135.50 and a fifty-two week high of $313.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 earnings per share. On average, equities analysts expect that First Solar, Inc. will post 17.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSLR shares. Glj Research lowered shares of First Solar from a “buy” rating to a “hold” rating and cut their price target for the stock from $314.43 to $207.82 in a report on Wednesday, March 4th. Argus lifted their price target on shares of First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. BMO Capital Markets cut their price target on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Susquehanna cut their price target on shares of First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Finally, Guggenheim lifted their price target on shares of First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.40.

Hedge Funds Weigh In On First Solar

Several hedge funds and other institutional investors have recently bought and sold shares of FSLR. Woodline Partners LP lifted its holdings in First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock valued at $1,143,000 after buying an additional 2,615 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in First Solar by 50.9% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after buying an additional 174 shares during the period. Brown Advisory Inc. lifted its holdings in First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after buying an additional 2,072 shares during the period. Cerity Partners LLC acquired a new position in First Solar in the second quarter valued at $494,000. Finally, AXA S.A. lifted its holdings in First Solar by 6.3% in the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock valued at $3,122,000 after buying an additional 1,115 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.