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 on Monday, April 1st. The shares were sold at an average price of $169.72, for a total value of $407,328.00. Following the transaction, the insider now directly owns 39,812 shares of the company’s stock, valued at $6,756,892.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $155.55, for a total value of $2,592,551.85.

First Solar Trading Down 2.7 %

NASDAQ FSLR opened at $167.17 on Wednesday. First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $232.00. The company has a current ratio of 3.55, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $153.26 and a 200-day moving average of $154.81. The firm 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 released its earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted ($0.07) EPS. First Solar’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts forecast that First Solar, Inc. will post 13.51 EPS for the current year.

Institutional Investors Weigh In On First Solar

A number of hedge funds and other institutional investors have recently modified their holdings of FSLR. First Pacific Financial bought a new stake in shares of First Solar in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Managment Co. purchased a new position in First Solar during the 4th quarter valued at about $27,000. Estabrook Capital Management purchased a new position in First Solar during the 3rd quarter valued at about $29,000. Baystate Wealth Management LLC purchased a new position in First Solar during the 4th quarter valued at about $29,000. Finally, Headinvest LLC purchased a new position in First Solar during the 3rd quarter valued at about $30,000. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FSLR shares. Royal Bank of Canada reissued an “outperform” rating and set a $195.00 price objective on shares of First Solar in a report on Wednesday, February 28th. Susquehanna cut their price target on First Solar from $261.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, February 28th. Oppenheimer raised their price target on First Solar from $268.00 to $269.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Jefferies Financial Group began coverage on First Solar in a report on Friday, December 15th. They issued a “buy” rating and a $211.00 price target for the company. Finally, Morgan Stanley raised First Solar from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $214.00 to $237.00 in a report on Friday, December 8th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $231.48.

View Our Latest Research Report on FSLR

First Solar Company Profile

(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.

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

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