Insider Selling: First Solar, Inc. (NASDAQ:FSLR) CAO Sells 163 Shares of Stock

First Solar, Inc. (NASDAQ:FSLRGet Rating) CAO Byron Michael Jeffers sold 163 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $102.27, for a total value of $16,670.01. Following the completion of the transaction, the chief accounting officer now owns 814 shares in the company, valued at approximately $83,247.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Byron Michael Jeffers also recently made the following trade(s):

  • On Monday, August 1st, Byron Michael Jeffers sold 259 shares of First Solar stock. The shares were sold at an average price of $100.00, for a total value of $25,900.00.

First Solar Trading Up 2.8 %

First Solar stock opened at $101.90 on Friday. First Solar, Inc. has a 12 month low of $59.60 and a 12 month high of $123.13. The company has a quick ratio of 3.20, a current ratio of 4.21 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $73.43 and a two-hundred day moving average price of $73.73. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 57.90, a price-to-earnings-growth ratio of 1,486.81 and a beta of 1.49.

First Solar (NASDAQ:FSLRGet Rating) last issued its earnings results on Thursday, July 28th. The solar cell manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.09). First Solar had a return on equity of 3.21% and a net margin of 7.63%. The company had revenue of $621.00 million during the quarter, compared to analyst estimates of $606.45 million. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts forecast that First Solar, Inc. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On First Solar

A number of hedge funds have recently modified their holdings of the stock. Riverwater Partners LLC raised its holdings in shares of First Solar by 6.0% in the 2nd quarter. Riverwater Partners LLC now owns 9,467 shares of the solar cell manufacturer’s stock worth $645,000 after buying an additional 536 shares in the last quarter. Securian Asset Management Inc. boosted its position in First Solar by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 9,036 shares of the solar cell manufacturer’s stock valued at $616,000 after buying an additional 169 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of First Solar by 1.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,591 shares of the solar cell manufacturer’s stock worth $1,130,000 after purchasing an additional 168 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Solar by 17.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,602 shares of the solar cell manufacturer’s stock worth $2,698,000 after purchasing an additional 5,966 shares during the last quarter. Finally, Unigestion Holding SA boosted its position in shares of First Solar by 148.4% in the 2nd quarter. Unigestion Holding SA now owns 10,085 shares of the solar cell manufacturer’s stock worth $687,000 after purchasing an additional 6,025 shares during the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FSLR. Roth Capital upped their price target on First Solar from $85.00 to $135.00 in a research note on Friday, July 29th. Oppenheimer upgraded First Solar from a “market perform” rating to an “outperform” rating and set a $116.00 price target for the company in a research note on Friday, July 29th. Credit Suisse Group decreased their price target on First Solar to $77.00 in a research note on Monday, July 25th. Barclays began coverage on First Solar in a research note on Friday. They set an “underweight” rating and a $89.00 price target for the company. Finally, Robert W. Baird upped their price target on First Solar from $98.00 to $119.00 in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.92.

First Solar Company Profile

(Get Rating)

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

Read More

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

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.