Georges Antoun Sells 229 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 229 shares of First Solar stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $30,628.75. Following the sale, the insider now owns 52,836 shares in the company, valued at approximately $7,066,815. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Solar Trading Up 1.6 %

FSLR opened at $129.34 on Thursday. First Solar, Inc. has a fifty-two week low of $124.96 and a fifty-two week high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. The firm has a 50 day simple moving average of $158.67 and a 200 day simple moving average of $189.31.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on FSLR. Truist Financial restated a “buy” rating and issued a $285.00 price target (down from $300.00) on shares of First Solar in a research report on Wednesday, February 26th. Robert W. Baird reduced their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft set a $265.00 price target on shares of First Solar in a research report on Thursday, February 27th. Bank of America reduced their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Guggenheim reduced their price target on shares of First Solar from $335.00 to $304.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $262.08.

Institutional Investors Weigh In On First Solar

Several large investors have recently bought and sold shares of FSLR. Atria Investments Inc increased its stake in First Solar by 24.7% in the third quarter. Atria Investments Inc now owns 2,476 shares of the solar cell manufacturer’s stock valued at $618,000 after purchasing an additional 490 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of First Solar by 239.8% in the third quarter. Oppenheimer & Co. Inc. now owns 3,153 shares of the solar cell manufacturer’s stock valued at $786,000 after buying an additional 2,225 shares during the period. Huntington National Bank boosted its holdings in shares of First Solar by 95.2% in the third quarter. Huntington National Bank now owns 443 shares of the solar cell manufacturer’s stock valued at $111,000 after buying an additional 216 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of First Solar by 8.3% in the third quarter. CIBC Asset Management Inc now owns 15,786 shares of the solar cell manufacturer’s stock valued at $3,938,000 after buying an additional 1,216 shares during the period. Finally, Empirical Finance LLC boosted its holdings in shares of First Solar by 8.5% in the third quarter. Empirical Finance LLC now owns 1,730 shares of the solar cell manufacturer’s stock valued at $432,000 after buying an additional 136 shares during the period. Institutional investors own 92.08% of the company’s stock.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.