First Solar (NASDAQ:FSLR) Insider Georges Antoun Sells 37,412 Shares

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the transaction, the insider directly owned 15,424 shares of the company’s stock, valued at $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Solar Stock Performance

Shares of First Solar stock traded down $5.21 during trading hours on Thursday, reaching $272.18. The company had a trading volume of 1,821,704 shares, compared to its average volume of 3,479,290. First Solar, Inc. has a one year low of $116.56 and a one year high of $281.55. The business has a fifty day simple moving average of $223.57 and a 200 day simple moving average of $186.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The firm has a market cap of $29.21 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 15.57% and a net margin of 28.95%.The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $2.91 earnings per share. First Solar’s revenue was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of research reports. Needham & Company LLC initiated coverage on First Solar in a research report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 price target on the stock. Wells Fargo & Company lifted their price objective on First Solar from $213.00 to $270.00 in a report on Friday, October 31st. Robert W. Baird lifted their price objective on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Guggenheim lifted their price objective on First Solar from $202.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, UBS Group lifted their price objective on First Solar from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $270.09.

Institutional Trading of First Solar

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in First Solar in the 2nd quarter valued at approximately $212,621,000. Nuveen LLC bought a new position in First Solar in the 1st quarter valued at approximately $114,730,000. Viking Global Investors LP lifted its position in 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 in the last quarter. Canada Pension Plan Investment Board lifted its position in First Solar by 16,857.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 759,033 shares of the solar cell manufacturer’s stock valued at $95,965,000 after acquiring an additional 754,557 shares in the last quarter. Finally, Invesco Ltd. lifted its position in First Solar by 32.3% in the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock valued at $306,909,000 after acquiring an additional 592,444 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

About First Solar

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.