First Solar (NASDAQ:FSLR) Insider Georges Antoun Sells 37,412 Shares

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the sale, the insider directly owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. This represents a 70.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Solar Stock Down 2.0%

NASDAQ:FSLR opened at $271.98 on Friday. The stock’s fifty day moving average price is $225.07 and its two-hundred day moving average price is $186.94. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $281.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 0.46 and a beta of 1.51.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 15.57% and a net margin of 28.95%.The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm earned $2.91 EPS. The company’s revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on FSLR. Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a report on Wednesday, October 8th. Hsbc Global Res raised First Solar to a “strong-buy” rating in a research note on Friday, August 1st. Cowen reiterated a “buy” rating on shares of First Solar in a research report on Friday, October 31st. UBS Group boosted their price objective on shares of First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.09.

Institutional Investors Weigh In On First Solar

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of First Solar in the first quarter valued at approximately $25,000. TD Private Client Wealth LLC grew its position in First Solar by 126.9% in the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in First Solar in the 2nd quarter valued at $26,000. Harbor Investment Advisory LLC lifted its position in First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock worth $28,000 after buying an additional 100 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

About First Solar

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.