Key Points
- First Solar insider Caroline Stockdale sold 10,628 shares on May 28 at an average price of $275.60, totaling about $2.93 million. The sale came under a pre-arranged Rule 10b5-1 trading plan, and her holdings fell by 30.88% to 23,792 shares.
- The insider has been active recently, with additional stock sales on May 5, March 16, March 9, and March 3, indicating a series of reduced positions over the past few months.
- First Solar reported strong quarterly results, beating EPS and revenue expectations with $3.22 per share on $1.04 billion in revenue. Analysts currently rate the stock a Moderate Buy with a consensus target price of $247.40.
First Solar, Inc. (NASDAQ:FSLR - Get Free Report) insider Caroline Stockdale sold 10,628 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This represents a 30.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $195.93, for a total transaction of $323,284.50.
First Solar Price Performance
Shares of NASDAQ FSLR opened at $303.00 on Tuesday. The firm's 50-day moving average price is $215.51 and its 200-day moving average price is $231.65. First Solar, Inc. has a 1-year low of $135.50 and a 1-year high of $313.75. The firm has a market capitalization of $32.56 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.68 and a beta of 1.70. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.
First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business's quarterly revenue was up 23.6% compared to the same quarter last year. Equities research analysts anticipate that First Solar, Inc. will post 17.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On First Solar
Institutional investors have recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in First Solar in the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new stake in First Solar in the 4th quarter worth about $26,000. Reflection Asset Management bought a new stake in First Solar in the 4th quarter worth about $26,000. Strategic Wealth Investment Group LLC bought a new stake in First Solar in the 2nd quarter worth about $26,000. Finally, Larson Financial Group LLC grew its position in First Solar by 117.0% in the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer's stock worth $27,000 after purchasing an additional 55 shares in the last quarter. 92.08% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on FSLR shares. BMO Capital Markets dropped their price objective 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. Wells Fargo & Company lowered their target price on shares of First Solar from $285.00 to $255.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Freedom Capital upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Glj Research lowered shares of First Solar from a "buy" rating to a "hold" rating and lowered their target price for the stock from $314.43 to $207.82 in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of First Solar from a "buy" rating to a "hold" rating and lowered their target price for the stock from $300.00 to $245.00 in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $247.40.
View Our Latest Stock Report on First Solar
About First Solar
(
Get Free Report)
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.
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