First Solar (NASDAQ:FSLR) CAO Sells $29,886.52 in Stock

First Solar, Inc. (NASDAQ:FSLR) CAO Nathan Theurer sold 157 shares of First Solar stock in a transaction on Monday, March 9th. The shares were sold at an average price of $190.36, for a total value of $29,886.52. Following the sale, the chief accounting officer directly owned 324 shares of the company’s stock, valued at approximately $61,676.64. This trade represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

First Solar Stock Up 0.4%

Shares of FSLR traded up $0.82 during midday trading on Friday, reaching $198.38. 170,541 shares of the stock were exchanged, compared to its average volume of 2,544,765. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The company has a current ratio of 2.67, a quick ratio of 2.35 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $228.81 and its two-hundred day moving average is $235.89. The company has a market capitalization of $21.29 billion, a P/E ratio of 13.96, a PEG ratio of 0.32 and a beta of 1.65.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.38). First Solar had a net margin of 29.28% and a return on equity of 17.32%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Institutional Investors Weigh In On First Solar

Large investors have recently bought and sold shares of the company. Aventura Private Wealth LLC purchased a new stake in First Solar during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of First Solar in the fourth quarter worth about $26,000. Reflection Asset Management purchased a new stake in shares of First Solar during the 4th quarter worth about $26,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of First Solar during the 2nd quarter valued at about $26,000. Finally, Larson Financial Group LLC increased its stake in shares of First Solar by 117.0% in the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the topic of several recent research reports. Barclays dropped their target price on First Solar from $279.00 to $228.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Glj Research downgraded shares of First Solar from a “buy” rating to a “hold” rating and lowered their target price for the company from $314.43 to $207.82 in a research note on Wednesday, March 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $205.00 price target on shares of First Solar in a report on Thursday, February 26th. Argus decreased their price objective on First Solar from $300.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, UBS Group reduced their target price on First Solar from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and a consensus price target of $249.65.

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.