First Solar (NASDAQ:FSLR) Insider Patrick James Buehler Sells 235 Shares

First Solar, Inc. (NASDAQ:FSLRGet Free Report) insider Patrick James Buehler sold 235 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $50,673.05. Following the completion of the sale, the insider directly owned 7,406 shares in the company, valued at approximately $1,596,955.78. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Patrick James Buehler also recently made the following trade(s):

  • On Monday, March 16th, Patrick James Buehler sold 180 shares of First Solar stock. The shares were sold at an average price of $200.80, for a total value of $36,144.00.
  • On Monday, March 9th, Patrick James Buehler sold 697 shares of First Solar stock. The stock was sold at an average price of $190.36, for a total transaction of $132,680.92.
  • On Tuesday, March 3rd, Patrick James Buehler sold 1,361 shares of First Solar stock. The stock was sold at an average price of $195.93, for a total value of $266,660.73.

First Solar Trading Up 3.7%

NASDAQ:FSLR traded up $7.82 during mid-day trading on Tuesday, reaching $219.21. The company’s stock had a trading volume of 3,163,381 shares, compared to its average volume of 2,362,970. The company’s fifty day simple moving average is $198.46 and its two-hundred day simple moving average is $231.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. First Solar, Inc. has a twelve month low of $125.80 and a twelve month high of $285.99. The stock has a market cap of $23.55 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.48 and a beta of 1.57.

First Solar (NASDAQ:FSLRGet Free Report) last posted its quarterly 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. First Solar’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. On average, equities analysts predict that First Solar, Inc. will post 17.33 EPS for the current year.

Institutional Investors Weigh In On First Solar

A number of institutional investors have recently modified their holdings of FSLR. Norges Bank acquired a new stake in shares of First Solar in the 4th quarter valued at about $392,040,000. Viking Global Investors LP increased its holdings in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the last quarter. Polar Capital Holdings Plc bought a new stake in shares of First Solar in the 4th quarter valued at approximately $200,109,000. Lightrock Netherlands B.V. increased its holdings in shares of First Solar by 2,663.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock valued at $174,059,000 after acquiring an additional 642,199 shares during the last quarter. Finally, Amundi increased its holdings in shares of First Solar by 38.6% in the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after acquiring an additional 564,032 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Key First Solar News

Here are the key news stories impacting First Solar this week:

Analysts Set New Price Targets

FSLR has been the topic of a number of analyst reports. Wall Street Zen lowered shares of First Solar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group lifted their price objective on shares of First Solar from $300.00 to $310.00 in a research note on Friday. Guggenheim dropped their price objective on shares of First Solar from $312.00 to $269.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Solar in a research note on Friday, March 27th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.10.

View Our Latest Stock Report on FSLR

First Solar Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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