Jason E. Dymbort Sells 363 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) General Counsel Jason E. Dymbort sold 363 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $48,551.25. Following the completion of the transaction, the general counsel now directly owns 22,273 shares of the company's stock, valued at approximately $2,979,013.75. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First Solar Price Performance

Shares of FSLR traded up $2.86 during trading hours on Friday, reaching $131.32. The stock had a trading volume of 4,507,994 shares, compared to its average volume of 2,566,034. The stock has a market capitalization of $14.06 billion, a PE ratio of 11.31, a PEG ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a 12 month low of $124.96 and a 12 month high of $306.77. 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's 50-day moving average is $157.42 and its two-hundred day moving average is $188.89.

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). The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. Research analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FSLR. Guggenheim lowered their target price on First Solar from $335.00 to $304.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $265.00 price target on shares of First Solar in a research report on Thursday, February 27th. Truist Financial reissued a "buy" rating and issued a $285.00 price objective (down previously from $300.00) on shares of First Solar in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of First Solar from $282.00 to $268.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price target on First Solar from $280.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Four research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $262.08.

Institutional Investors Weigh In On First Solar

A number of institutional investors have recently added to or reduced their stakes in FSLR. Vanguard Group Inc. raised its stake in shares of First Solar by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,821,701 shares of the solar cell manufacturer's stock valued at $2,259,697,000 after acquiring an additional 120,289 shares during the last quarter. State Street Corp increased its holdings in First Solar by 2.2% in the third quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock valued at $1,236,383,000 after purchasing an additional 108,984 shares during the period. Geode Capital Management LLC raised its position in First Solar by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 2,666,242 shares of the solar cell manufacturer's stock worth $469,154,000 after purchasing an additional 63,739 shares during the last quarter. Wellington Management Group LLP lifted its holdings in First Solar by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 2,359,846 shares of the solar cell manufacturer's stock worth $415,899,000 after buying an additional 262,482 shares during the period. Finally, Invesco Ltd. grew its position in shares of First Solar by 13.9% in the 4th quarter. Invesco Ltd. now owns 1,835,056 shares of the solar cell manufacturer's stock valued at $323,410,000 after buying an additional 223,933 shares during the last quarter. 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.