Byron Michael Jeffers Sells 163 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLRGet Rating) CAO Byron Michael Jeffers sold 163 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $102.27, for a total transaction of $16,670.01. Following the transaction, the chief accounting officer now directly owns 814 shares in the company, valued at $83,247.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Byron Michael Jeffers also recently made the following trade(s):

  • On Monday, August 1st, Byron Michael Jeffers sold 259 shares of First Solar stock. The stock was sold at an average price of $100.00, for a total transaction of $25,900.00.

First Solar Trading Up 2.8 %

Shares of FSLR stock traded up $2.73 during trading hours on Friday, hitting $101.90. 3,310,319 shares of the company were exchanged, compared to its average volume of 1,743,471. The firm has a market cap of $10.86 billion, a PE ratio of 56.35, a PEG ratio of 1,467.62 and a beta of 1.49. First Solar, Inc. has a 1 year low of $59.60 and a 1 year high of $123.13. The company has a quick ratio of 3.20, a current ratio of 4.21 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $72.83 and a 200 day moving average of $73.59.

First Solar (NASDAQ:FSLRGet Rating) last posted its earnings results on Thursday, July 28th. The solar cell manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.09). The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $606.45 million. First Solar had a return on equity of 3.21% and a net margin of 7.63%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. Analysts expect that First Solar, Inc. will post 0.01 earnings per share for the current year.

Institutional Trading of First Solar

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Riverwater Partners LLC increased its position in First Solar by 6.0% during the 2nd quarter. Riverwater Partners LLC now owns 9,467 shares of the solar cell manufacturer’s stock worth $645,000 after purchasing an additional 536 shares in the last quarter. Securian Asset Management Inc. increased its position in First Solar by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,036 shares of the solar cell manufacturer’s stock worth $616,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in First Solar by 1.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,591 shares of the solar cell manufacturer’s stock worth $1,130,000 after purchasing an additional 168 shares in the last quarter. Envestnet Asset Management Inc. increased its position in First Solar by 17.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,602 shares of the solar cell manufacturer’s stock worth $2,698,000 after purchasing an additional 5,966 shares in the last quarter. Finally, Unigestion Holding SA grew its position in First Solar by 148.4% in the second quarter. Unigestion Holding SA now owns 10,085 shares of the solar cell manufacturer’s stock valued at $687,000 after acquiring an additional 6,025 shares in the last quarter. Institutional investors and hedge funds own 75.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FSLR shares. Piper Sandler increased their price objective on shares of First Solar from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Credit Suisse Group lowered their price objective on shares of First Solar to $77.00 in a research note on Monday, July 25th. Roth Capital increased their price objective on shares of First Solar from $85.00 to $135.00 in a research note on Friday, July 29th. Bank of America raised shares of First Solar from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $63.00 to $104.50 in a research note on Monday. Finally, Oppenheimer upgraded shares of First Solar from a “market perform” rating to an “outperform” rating and set a $116.00 target price on the stock in a report on Friday, July 29th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.92.

About First Solar

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First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

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