First Solar (NASDAQ:FSLR) Insider Kuntal Kumar Verma Sells 582 Shares of Stock

First Solar, Inc. (NASDAQ:FSLR) insider Kuntal Kumar Verma sold 582 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the sale, the insider directly owned 4,967 shares in the company, valued at $1,241,750. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kuntal Kumar Verma also recently made the following trade(s):

• On Tuesday, May 5th, Kuntal Kumar Verma sold 479 shares of First Solar stock. The shares were sold at an average price of $215.63, for a total transaction of $103,286.77.
• On Wednesday, April 15th, Kuntal Kumar Verma sold 573 shares of First Solar stock. The shares were sold at an average price of $210.00, for a total transaction of $120,330.00.
• On Tuesday, March 17th, Kuntal Kumar Verma sold 180 shares of First Solar stock. The shares were sold at an average price of $199.53, for a total transaction of $35,915.40.
• On Monday, March 16th, Kuntal Kumar Verma sold 392 shares of First Solar stock. The shares were sold at an average price of $200.80, for a total transaction of $78,713.60.
• On Tuesday, March 10th, Kuntal Kumar Verma sold 408 shares of First Solar stock. The shares were sold at an average price of $195.70, for a total transaction of $79,845.60.
• On Monday, March 9th, Kuntal Kumar Verma sold 1,386 shares of First Solar stock. The shares were sold at an average price of $190.36, for a total transaction of $263,838.96.
• On Wednesday, March 4th, Kuntal Kumar Verma sold 728 shares of First Solar stock. The shares were sold at an average price of $196.95, for a total transaction of $143,379.60.
• On Tuesday, March 3rd, Kuntal Kumar Verma sold 3,426 shares of First Solar stock. The shares were sold at an average price of $195.93, for a total transaction of $671,256.18.

First Solar Price Performance

FSLR opened at $257.85 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The stock has a market capitalization of $27.71 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.55 and a beta of 1.57. The company’s 50-day simple moving average is $205.04 and its two-hundred day simple moving average is $231.20. First Solar, Inc. has a 52-week low of $135.50 and a 52-week high of $285.99.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. As a group, analysts predict that First Solar, Inc. will post 17.64 EPS for the current year.

Institutional Investors Weigh In On First Solar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in First Solar during the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in First Solar during the 4th quarter worth approximately $26,000. Reflection Asset Management bought a new stake in First Solar during the 4th quarter worth approximately $26,000. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the 2nd quarter worth approximately $26,000. Finally, Larson Financial Group LLC raised its stake in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the period. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered 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 research note on Monday, April 20th. Argus increased their price objective on shares of First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. TD Cowen lowered their price objective on shares of First Solar from $320.00 to $253.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. 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, Evercore increased their price objective on shares of First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and a consensus price target of $247.40.

Key Headlines Impacting First Solar

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

• Positive Sentiment: First Solar announced a partnership with GameChange Solar to support wider use of its domestically manufactured thin-film modules in India, a move that could improve demand visibility and reduce supply-chain or compliance concerns. Why First Solar (FSLR) Stock Is Trading Up Today
• Positive Sentiment: Guggenheim raised its price target on First Solar to $279 from $269 and reiterated a Buy rating, signaling continued analyst confidence in the stock’s upside potential. MarketScreener

About First Solar

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.