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.
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