Raffi Garabedian Sells 11,284 Shares of First Solar, Inc. (FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) insider Raffi Garabedian sold 11,284 shares of First Solar stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $70.06, for a total transaction of $790,557.04. Following the completion of the transaction, the insider now directly owns 9,227 shares in the company, valued at approximately $646,443.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of First Solar, Inc. (FSLR) opened at $68.69 on Thursday. First Solar, Inc. has a 52 week low of $25.56 and a 52 week high of $71.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.47 and a current ratio of 6.85. The firm has a market cap of $7,221.54, a price-to-earnings ratio of 16.95 and a beta of 2.03.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $1.11. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business’s revenue was up 59.5% compared to the same quarter last year. equities analysts forecast that First Solar, Inc. will post 2.52 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its stake in shares of First Solar by 1.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 15,100 shares of the solar cell manufacturer’s stock valued at $602,000 after purchasing an additional 165 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of First Solar by 1.2% in the 2nd quarter. Intellectus Partners LLC now owns 17,450 shares of the solar cell manufacturer’s stock valued at $696,000 after purchasing an additional 200 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of First Solar by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 47,767 shares of the solar cell manufacturer’s stock valued at $1,905,000 after purchasing an additional 360 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of First Solar by 4.9% in the 2nd quarter. Pacer Advisors Inc. now owns 10,117 shares of the solar cell manufacturer’s stock valued at $403,000 after purchasing an additional 470 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of First Solar by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 33,000 shares of the solar cell manufacturer’s stock valued at $1,316,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 50.87% of the company’s stock.

A number of equities analysts have recently commented on the stock. Bank of America reissued a “neutral” rating and issued a $70.00 price target on shares of First Solar in a research report on Thursday, December 14th. J P Morgan Chase & Co set a $69.00 price target on shares of First Solar and gave the company a “hold” rating in a research report on Monday. BidaskClub raised shares of First Solar from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of First Solar from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, December 12th. Finally, Vetr lowered shares of First Solar from a “hold” rating to a “sell” rating and set a $49.20 price target on the stock. in a research report on Monday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. First Solar currently has an average rating of “Buy” and an average price target of $63.53.

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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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