First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley Sells 599 Shares

First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 599 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $80,116.25. Following the sale, the chief financial officer now owns 45,717 shares in the company, valued at approximately $6,114,648.75. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $128.46 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a twelve month low of $124.96 and a twelve month high of $306.77. The stock’s 50 day moving average is $157.42 and its 200-day moving average is $188.89. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. Sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Hedge Funds Weigh In On First Solar

Large investors have recently bought and sold shares of the stock. Strengthening Families & Communities LLC bought a new position in First Solar during the 3rd quarter valued at $25,000. Larson Financial Group LLC lifted its stake in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after acquiring an additional 107 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after acquiring an additional 63 shares in the last quarter. Crews Bank & Trust bought a new position in First Solar during the 4th quarter valued at $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in First Solar during the 4th quarter valued at $53,000. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on First Solar in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Barclays reduced their target price on First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reduced their target price on First Solar from $280.00 to $251.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and an average target price of $262.08.

First Solar Company Profile

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.