Rep. Robert Bresnahan, Jr. Sells First Solar, Inc. (NASDAQ:FSLR) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of First Solar, Inc. NASDAQ: FSLR. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Solar stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

First Solar Stock Up 0.9 %

Shares of FSLR traded up $1.14 during trading hours on Tuesday, hitting $127.57. 3,081,253 shares of the company were exchanged, compared to its average volume of 2,649,934. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market cap of $13.66 billion, a PE ratio of 10.99, a PEG ratio of 0.19 and a beta of 1.52. The firm's 50 day moving average is $147.83 and its 200-day moving average is $183.30. First Solar, Inc. has a 52 week low of $120.60 and a 52 week high of $306.77.

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First Solar (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kuntal Kumar Verma sold 7,475 shares of First Solar stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $136.60, for a total value of $1,021,085.00. Following the completion of the sale, the insider now directly owns 3,549 shares in the company, valued at $484,793.40. This trade represents a 67.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark R. Widmar sold 1,272 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $132.96, for a total transaction of $169,125.12. Following the completion of the transaction, the chief executive officer now directly owns 109,000 shares in the company, valued at $14,492,640. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,311 shares of company stock worth $4,767,158 in the last quarter. Insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on FSLR. Morgan Stanley cut their target price on shares of First Solar from $297.00 to $238.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on First Solar in a research report on Thursday, February 27th. Royal Bank of Canada lowered their target price on First Solar from $280.00 to $251.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Robert W. Baird cut their price target on First Solar from $307.00 to $267.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. Finally, Truist Financial restated a "buy" rating and issued a $285.00 price objective (down previously from $300.00) on shares of First Solar in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $262.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSLR. Larson Financial Group LLC raised its holdings in shares of First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock valued at $39,000 after buying an additional 107 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock worth $47,000 after acquiring an additional 63 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of First Solar during the fourth quarter worth approximately $53,000. Hudson Edge Investment Partners Inc. bought a new stake in shares of First Solar during the fourth quarter valued at approximately $53,000. Finally, Banque Transatlantique SA acquired a new stake in shares of First Solar in the fourth quarter valued at approximately $53,000. 92.08% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

First Solar Company Profile

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.