Markus Gloeckler Sells 9,557 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) CTO Markus Gloeckler sold 9,557 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $155.05, for a total value of $1,481,812.85. Following the transaction, the chief technology officer now directly owns 8,037 shares in the company, valued at $1,246,136.85. The trade was a 54.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Markus Gloeckler also recently made the following trade(s):

• On Monday, March 17th, Markus Gloeckler sold 380 shares of First Solar stock. The stock was sold at an average price of $133.75, for a total value of $50,825.00.

First Solar Stock Performance

First Solar stock opened at $155.95 on Friday. The company has a 50 day moving average price of $140.11 and a 200-day moving average price of $160.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $306.77. The company has a market capitalization of $16.72 billion, a PE ratio of 13.43, a P/E/G ratio of 0.19 and a beta of 1.46.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.55). The company had revenue of $844.57 million for the quarter, compared to the consensus estimate of $863.11 million. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. As a group, equities analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Hedge Funds Weigh In On First Solar

Large investors have recently bought and sold shares of the business. Garde Capital Inc. bought a new position in First Solar in the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in First Solar in the first quarter worth approximately $25,000. Colonial Trust Advisors bought a new position in First Solar in the first quarter worth approximately $32,000. Larson Financial Group LLC raised its stake in First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock worth $32,000 after buying an additional 219 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FSLR shares. UBS Group restated a “buy” rating and set a $255.00 price objective on shares of First Solar in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut their price objective on First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price objective on First Solar from $237.00 to $214.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Wall Street Zen lowered First Solar from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Finally, Roth Mkm restated a “buy” rating and set a $280.00 price objective on shares of First Solar in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.37.

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.