First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 227 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $54.06, for a total value of $12,271.62. Following the completion of the sale, the chief financial officer now owns 8,660 shares of the company’s stock, valued at $468,159.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Solar stock traded down $0.73 during trading hours on Friday, reaching $53.71. 1,488,302 shares of the company’s stock were exchanged, compared to its average volume of 1,577,643. The company has a current ratio of 4.57, a quick ratio of 4.11 and a debt-to-equity ratio of 0.09. First Solar, Inc. has a twelve month low of $36.51 and a twelve month high of $81.72. The company has a market cap of $5.71 billion, a P/E ratio of 39.49, a PEG ratio of 1.58 and a beta of 1.27.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, February 21st. The solar cell manufacturer reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.15). First Solar had a return on equity of 2.80% and a net margin of 6.43%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $812.52 million. During the same quarter in the previous year, the business posted ($0.25) earnings per share. The business’s revenue was up 103.8% on a year-over-year basis. Equities research analysts forecast that First Solar, Inc. will post 2.48 EPS for the current fiscal year.

A number of research firms recently weighed in on FSLR. JPMorgan Chase & Co. decreased their price objective on First Solar to $70.00 and set an “overweight” rating for the company in a report on Friday, February 22nd. Zacks Investment Research downgraded First Solar from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Bank of America reiterated a “buy” rating and set a $60.00 price target on shares of First Solar in a report on Tuesday, February 26th. BidaskClub upgraded First Solar from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Roth Capital decreased their price target on First Solar to $60.00 and set a “buy” rating for the company in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. First Solar presently has a consensus rating of “Buy” and an average target price of $63.40.

Hedge funds have recently added to or reduced their stakes in the company. JOYN Advisors Inc. boosted its position in shares of First Solar by 130.2% during the 4th quarter. JOYN Advisors Inc. now owns 603 shares of the solar cell manufacturer’s stock worth $26,000 after purchasing an additional 341 shares in the last quarter. Private Capital Group LLC boosted its position in shares of First Solar by 68.6% during the 4th quarter. Private Capital Group LLC now owns 1,165 shares of the solar cell manufacturer’s stock worth $49,000 after purchasing an additional 474 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of First Solar by 180.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock worth $66,000 after purchasing an additional 1,000 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of First Solar by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 1,828 shares of the solar cell manufacturer’s stock worth $78,000 after purchasing an additional 249 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of First Solar by 231.8% during the 4th quarter. Advisors Asset Management Inc. now owns 2,641 shares of the solar cell manufacturer’s stock worth $112,000 after purchasing an additional 1,845 shares in the last quarter. 59.97% of the stock is currently owned by institutional investors.

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First Solar Company Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.

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