Alexander R. Bradley Sells 754 Shares of First Solar, Inc. (FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 754 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $49.67, for a total value of $37,451.18. Following the completion of the sale, the chief financial officer now owns 13,296 shares in the company, valued at approximately $660,412.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ FSLR opened at $53.93 on Wednesday. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.09. First Solar, Inc. has a 1-year low of $36.51 and a 1-year high of $81.72. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 1.36 and a beta of 1.31.

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First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, February 21st. The solar cell manufacturer reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.15). First Solar had a return on equity of 2.80% and a net margin of 6.43%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter last year, the company earned ($0.25) EPS. First Solar’s revenue for the quarter was up 103.8% compared to the same quarter last year. On average, research analysts expect that First Solar, Inc. will post 2.48 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of FSLR. JOYN Advisors Inc. increased its holdings in First Solar by 130.2% during the 4th quarter. JOYN Advisors Inc. now owns 603 shares of the solar cell manufacturer’s stock worth $26,000 after purchasing an additional 341 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in First Solar by 3,850.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,267,749 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 1,235,661 shares during the period. Private Capital Group LLC increased its holdings in First Solar by 68.6% during the 4th quarter. Private Capital Group LLC now owns 1,165 shares of the solar cell manufacturer’s stock worth $49,000 after purchasing an additional 474 shares during the period. Valeo Financial Advisors LLC increased its holdings in First Solar by 180.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock worth $66,000 after purchasing an additional 1,000 shares during the period. Finally, ETF Managers Group LLC increased its holdings in First Solar by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 1,828 shares of the solar cell manufacturer’s stock worth $78,000 after purchasing an additional 249 shares during the period. Institutional investors own 54.80% of the company’s stock.

Several research firms recently issued reports on FSLR. JPMorgan Chase & Co. cut their price objective on First Solar to $70.00 and set an “overweight” rating on the stock in a report on Friday, February 22nd. Zacks Investment Research downgraded First Solar from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Bank of America reiterated a “buy” rating and issued a $60.00 price objective on shares of First Solar in a report on Tuesday, February 26th. BidaskClub upgraded First Solar from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Roth Capital cut their price objective on First Solar to $60.00 and set a “buy” rating on the stock in a report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.40.

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About First Solar

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.

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