First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 4,325 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $68.12, for a total transaction of $294,619.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
First Solar, Inc. (NASDAQ:FSLR) traded down $0.90 during midday trading on Tuesday, hitting $69.15. 1,163,947 shares of the stock were exchanged, compared to its average volume of 1,850,000. The company has a quick ratio of 5.63, a current ratio of 5.89 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7,220.00, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 3.96 and a beta of 2.08. First Solar, Inc. has a 1-year low of $25.56 and a 1-year high of $76.61.
First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, February 22nd. The solar cell manufacturer reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. The business had revenue of $339.00 million during the quarter, compared to analyst estimates of $459.93 million. First Solar had a negative net margin of 5.63% and a positive return on equity of 5.17%. The firm’s revenue was down 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. equities research analysts predict that First Solar, Inc. will post 1.67 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Miller Tabak lowered shares of First Solar from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Standpoint Research upgraded shares of First Solar from a “hold” rating to an “accumulate” rating and set a $84.00 price objective for the company in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of First Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Deutsche Bank set a $75.00 price objective on shares of First Solar and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. set a $69.00 price objective on shares of First Solar and gave the company a “hold” rating in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. First Solar presently has an average rating of “Buy” and an average target price of $69.83.
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About First Solar
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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