Georges Antoun Sells 229 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) insider Georges Antoun sold 229 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $30,628.75. Following the sale, the insider now owns 52,836 shares in the company, valued at approximately $7,066,815. This represents a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

First Solar Trading Up 2.2 %

Shares of FSLR traded up $2.86 during mid-day trading on Friday, hitting $131.32. 4,507,994 shares of the company's stock traded hands, compared to its average volume of 2,566,034. The business's 50-day moving average price is $157.42 and its 200-day moving average price is $188.89. First Solar, Inc. has a 1 year low of $124.96 and a 1 year high of $306.77. The firm has a market capitalization of $14.06 billion, a P/E ratio of 11.31, a PEG ratio of 0.19 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. As a group, sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

FSLR has been the topic of a number of recent analyst reports. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a research note on Thursday, January 2nd. Barclays lowered their price objective on shares of First Solar from $273.00 to $236.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Roth Mkm reissued a "buy" rating and issued a $280.00 target price on shares of First Solar in a research note on Wednesday, February 26th. Bank of America dropped their price target on First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Morgan Stanley reduced their price objective on First Solar from $297.00 to $238.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $262.08.

Institutional Trading of First Solar

Large investors have recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new position in shares of First Solar in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after purchasing an additional 107 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after buying an additional 63 shares during the period. Crews Bank & Trust bought a new stake in shares of First Solar during the 4th quarter valued at $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new stake in shares of First Solar during the 4th quarter valued at $53,000. 92.08% of the stock is owned by institutional investors.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.