First Solar, Inc. (FSLR) Insider Bryan Robert Schumaker Sells 1,235 Shares of Stock

First Solar, Inc. (NASDAQ:FSLR) insider Bryan Robert Schumaker sold 1,235 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $40.00, for a total transaction of $49,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bryan Robert Schumaker also recently made the following trade(s):

  • On Wednesday, May 3rd, Bryan Robert Schumaker sold 2,747 shares of First Solar stock. The shares were sold at an average price of $35.00, for a total transaction of $96,145.00.

First Solar, Inc. (NASDAQ:FSLR) traded up 1.10% during mid-day trading on Wednesday, hitting $40.49. 2,437,711 shares of the stock traded hands. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $49.50. The company’s market cap is $4.22 billion. The company’s 50 day moving average is $36.40 and its 200 day moving average is $33.01.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, May 2nd. The solar cell manufacturer reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.38. First Solar had a negative net margin of 18.14% and a positive return on equity of 6.71%. The firm had revenue of $891.79 million during the quarter, compared to analyst estimates of $699.15 million. On average, analysts expect that First Solar, Inc. will post $0.52 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Wednesday. Vetr downgraded shares of First Solar from a “buy” rating to a “hold” rating and set a $33.62 target price for the company. in a research report on Tuesday, March 7th. Deutsche Bank AG reissued a “hold” rating and set a $38.00 target price (up from $36.00) on shares of First Solar in a research report on Sunday, May 28th. Axiom Securities assumed coverage on shares of First Solar in a research report on Tuesday, February 28th. They set a “sell” rating and a $21.00 target price for the company. Finally, Robert W. Baird downgraded shares of First Solar from an “outperform” rating to a “neutral” rating and increased their target price for the company from $35.00 to $38.00 in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.16.

Several institutional investors have recently modified their holdings of FSLR. Nuveen Asset Management LLC bought a new position in shares of First Solar during the first quarter worth $629,000. Public Employees Retirement System of Ohio increased its stake in First Solar by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 42,052 shares of the solar cell manufacturer’s stock worth $1,140,000 after buying an additional 1,477 shares during the last quarter. Boston Common Asset Management LLC increased its stake in First Solar by 4.4% in the first quarter. Boston Common Asset Management LLC now owns 15,615 shares of the solar cell manufacturer’s stock worth $423,000 after buying an additional 660 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in First Solar by 21.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 13,700 shares of the solar cell manufacturer’s stock worth $371,000 after buying an additional 2,400 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in First Solar during the first quarter worth about $212,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.

About First Solar

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.

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

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