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.
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.
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