Georges Antoun Sells 2,400 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) insider Georges Antoun sold 2,400 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $169.72, for a total value of $407,328.00. Following the sale, the insider now owns 39,812 shares of the company’s stock, valued at approximately $6,756,892.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Georges Antoun also recently made the following trade(s):

• On Monday, March 4th, Georges Antoun sold 16,667 shares of First Solar stock. The shares were sold at an average price of $155.55, for a total value of $2,592,551.85.

First Solar Price Performance

Shares of FSLR opened at $166.73 on Thursday. The business’s 50-day moving average is $153.61 and its two-hundred day moving average is $154.89. The company has a market capitalization of $17.85 billion, a P/E ratio of 21.54, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.92 and a current ratio of 3.55. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $232.00.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.31 billion. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Research analysts predict that First Solar, Inc. will post 13.51 earnings per share for the current year.

Institutional Investors Weigh In On First Solar

A number of institutional investors have recently modified their holdings of FSLR. First Pacific Financial acquired a new stake in shares of First Solar during the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of First Solar during the 4th quarter valued at about $27,000. Estabrook Capital Management acquired a new stake in shares of First Solar during the 3rd quarter valued at about $29,000. Baystate Wealth Management LLC acquired a new stake in shares of First Solar during the 4th quarter valued at about $29,000. Finally, Headinvest LLC acquired a new stake in shares of First Solar during the 3rd quarter valued at about $30,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FSLR. Morgan Stanley upgraded First Solar from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $214.00 to $237.00 in a report on Friday, December 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $195.00 price objective on shares of First Solar in a report on Wednesday, February 28th. Mizuho increased their price objective on First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Financial Group began coverage on First Solar in a report on Friday, December 15th. They set a “buy” rating and a $211.00 price objective for the company. Finally, Oppenheimer increased their price objective on First Solar from $268.00 to $269.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.48.

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.