First Solar (NASDAQ:FSLR) Shares Unloaded Rep. Dave Min

Representative Dave Min (D-California) recently sold shares of First Solar, Inc. NASDAQ: FSLR. In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Solar stock on March 19th.

Representative Dave Min also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Technologies OTCMKTS: ZOOM on 3/19/2025.

First Solar Trading Up 12.8 %

Shares of FSLR stock traded up $15.63 on Tuesday, reaching $138.08. 4,160,388 shares of the stock were exchanged, compared to its average volume of 2,743,894. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $306.77. The stock has a market cap of $14.78 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $135.41 and a two-hundred day moving average of $170.83.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. On average, research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

Insider Buying and Selling at First Solar

In related news, insider Kuntal Kumar Verma sold 7,475 shares of the 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 of the company's stock, valued at approximately $484,793.40. This represents a 67.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 21,542 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the completion of the sale, the chief executive officer now directly owns 103,403 shares of the company's stock, valued at $14,589,129.27. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,311 shares of company stock valued at $4,767,158. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 120,289 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of First Solar by 2.4% in 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 acquiring an additional 63,739 shares during the last quarter. Wellington Management Group LLP raised its position in shares of First Solar by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 2,359,846 shares of the solar cell manufacturer's stock worth $415,899,000 after purchasing an additional 262,482 shares during the period. Invesco Ltd. boosted 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 purchasing an additional 223,933 shares during the period. Finally, Amundi increased its stake in First Solar by 31.0% in the 4th quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock worth $336,871,000 after purchasing an additional 426,797 shares in the last quarter. Institutional investors own 92.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSLR. Deutsche Bank Aktiengesellschaft set a $265.00 target price on shares of First Solar in a report on Thursday, February 27th. StockNews.com upgraded First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley reduced their target price on shares of First Solar from $297.00 to $238.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. UBS Group cut their price objective on shares of First Solar from $285.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Citigroup cut their price target on First Solar from $254.00 to $236.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Four 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 presently has a consensus rating of "Moderate Buy" and an average target price of $250.58.

About Representative Min

Dave Min (Democratic Party) is a member of the U.S. House, representing California's 47th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Min (Democratic Party) is running for re-election to the U.S. House to represent California's 47th Congressional District. He declared candidacy for the 2026 election. Dave Min lives in Irvine, California. Min earned a B.S. in economics and a B.A. in philosophy from the University of Pennsylvania Wharton School in 1999 and a J.D. from Harvard Law School in 2002. His career experience includes working as an enforcement attorney with the Securities and Exchange Commission, a senior economic policy advisor for U.S. Senator Chuck Schumer, a professor with the University of California at Irvine School of Law, and an economic policy director at the Center for American Progress.

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.