First Solar, Inc. (NASDAQ:FSLR) EVP Paul J. Kaleta sold 1,605 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $70.10, for a total value of $112,510.50. Following the completion of the transaction, the executive vice president now owns 5,814 shares of the company’s stock, valued at approximately $407,561.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of FSLR traded down $1.94 during midday trading on Friday, reaching $69.70. 1,266,894 shares of the stock were exchanged, compared to its average volume of 1,309,790. First Solar, Inc. has a 12-month low of $26.41 and a 12-month high of $76.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.89 and a quick ratio of 5.63. The company has a market capitalization of $7,301.49, a PE ratio of 26.91, a price-to-earnings-growth ratio of 4.15 and a beta of 1.96.
First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. First Solar had a positive return on equity of 5.17% and a negative net margin of 5.63%. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $459.93 million. During the same period last year, the business earned $1.24 EPS. The business’s quarterly revenue was down 29.4% on a year-over-year basis. equities research analysts expect that First Solar, Inc. will post 1.66 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of First Solar by 6.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,546 shares of the solar cell manufacturer’s stock valued at $66,825,000 after acquiring an additional 82,634 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of First Solar by 254.0% in the 4th quarter. OppenheimerFunds Inc. now owns 1,012,954 shares of the solar cell manufacturer’s stock valued at $68,395,000 after acquiring an additional 726,830 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of First Solar by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 757,176 shares of the solar cell manufacturer’s stock valued at $51,124,000 after acquiring an additional 27,763 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of First Solar by 468.1% in the 4th quarter. Renaissance Technologies LLC now owns 656,700 shares of the solar cell manufacturer’s stock valued at $44,340,000 after acquiring an additional 541,100 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of First Solar by 12.2% in the 4th quarter. Millennium Management LLC now owns 520,684 shares of the solar cell manufacturer’s stock valued at $35,157,000 after acquiring an additional 56,716 shares in the last quarter. 53.36% of the stock is owned by institutional investors.
A number of equities research analysts have commented on FSLR shares. Zacks Investment Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, January 2nd. Vetr lowered First Solar from a “sell” rating to a “strong sell” rating and set a $65.52 price objective for the company. in a research report on Thursday, January 11th. BidaskClub lowered First Solar from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Bank of America restated a “neutral” rating and set a $70.00 price objective on shares of First Solar in a research report on Thursday, December 14th. Finally, Deutsche Bank set a $75.00 price objective on First Solar and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. First Solar has an average rating of “Buy” and a consensus price target of $70.53.
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First Solar Company Profile
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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