First Solar, Inc. (NASDAQ:FSLR) Insider Georges Antoun Sells 2,400 Shares

First Solar, Inc. (NASDAQ:FSLRGet Free Report) insider Georges Antoun sold 2,400 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $169.72, for a total transaction of $407,328.00. Following the completion of the sale, the insider now owns 39,812 shares of the company’s stock, valued at approximately $6,756,892.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Georges Antoun also recently made the following trade(s):

  • On Monday, March 4th, Georges Antoun sold 16,667 shares of First Solar stock. The stock was sold at an average price of $155.55, for a total transaction of $2,592,551.85.

First Solar Trading Down 2.7 %

Shares of NASDAQ FSLR traded down $4.70 during midday trading on Tuesday, reaching $167.17. The company had a trading volume of 1,643,400 shares, compared to its average volume of 2,073,778. First Solar, Inc. has a one year low of $129.21 and a one year high of $232.00. The company has a quick ratio of 2.92, a current ratio of 3.55 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $152.94 and its 200-day moving average price is $154.86. The stock has a market cap of $17.86 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

First Solar (NASDAQ:FSLRGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned ($0.07) EPS. First Solar’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that First Solar, Inc. will post 13.51 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FSLR. Wells Fargo & Company lowered shares of First Solar from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $215.00 to $187.00 in a report on Monday, January 8th. Morgan Stanley raised shares of First Solar from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $214.00 to $237.00 in a research report on Friday, December 8th. Oppenheimer boosted their price objective on shares of First Solar from $268.00 to $269.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Mizuho boosted their price objective on shares of First Solar from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Susquehanna lowered their price objective on shares of First Solar from $261.00 to $258.00 and set a “positive” rating on the stock in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.48.

View Our Latest Research Report on FSLR

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of First Solar in the 4th quarter worth approximately $27,000. Baystate Wealth Management LLC bought a new position in First Solar in the 4th quarter valued at approximately $29,000. First Pacific Financial bought a new position in First Solar in the 3rd quarter valued at approximately $27,000. Estabrook Capital Management bought a new position in First Solar in the 3rd quarter valued at approximately $29,000. Finally, Headinvest LLC bought a new position in First Solar in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

About First Solar

(Get Free Report)

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.

Further Reading

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

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