First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 8,476 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $57.85, for a total transaction of $490,336.60. Following the completion of the transaction, the insider now directly owns 97,546 shares of the company’s stock, valued at approximately $5,643,036.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission
Georges Antoun also recently made the following trade(s):
- On Monday, May 6th, Georges Antoun sold 8,481 shares of First Solar stock. The stock was sold at an average price of $60.04, for a total transaction of $509,199.24.
FSLR stock traded up $1.93 during trading on Tuesday, reaching $62.87. 1,060,816 shares of the stock were exchanged, compared to its average volume of 1,431,192. First Solar, Inc. has a 1 year low of $36.51 and a 1 year high of $65.28. The company has a market capitalization of $6.45 billion, a PE ratio of 46.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.38 and a quick ratio of 3.83.
First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, May 2nd. The solar cell manufacturer reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.52). First Solar had a negative net margin of 0.28% and a negative return on equity of 0.12%. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $596.32 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. First Solar’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts forecast that First Solar, Inc. will post 2.41 EPS for the current year.
A number of analysts have recently weighed in on the stock. Roth Capital set a $75.00 price target on shares of First Solar and gave the company a “buy” rating in a research report on Thursday, June 13th. BidaskClub upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $72.00 price objective (up from $70.00) on shares of First Solar in a report on Monday, May 6th. Argus increased their price objective on shares of First Solar to $66.00 and gave the company an “average” rating in a report on Friday, May 3rd. Finally, ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. First Solar currently has a consensus rating of “Buy” and an average target price of $65.67.
Institutional investors and hedge funds have recently made changes to their positions in the business. JOYN Advisors Inc. grew its holdings in shares of First Solar by 130.2% in the fourth quarter. JOYN Advisors Inc. now owns 603 shares of the solar cell manufacturer’s stock valued at $26,000 after purchasing an additional 341 shares in the last quarter. Manchester Capital Management LLC acquired a new position in shares of First Solar in the first quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund grew its holdings in shares of First Solar by 3,850.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,267,749 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 1,235,661 shares in the last quarter. TCG Advisors LP acquired a new position in shares of First Solar in the first quarter valued at approximately $32,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of First Solar by 180.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock valued at $66,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 61.30% of the company’s stock.
First Solar Company Profile
First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators of PV solar power systems.