First Solar, Inc. (NASDAQ:FSLR – Get Free Report) Director R Craig Kennedy sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $196.73, for a total value of $393,460.00. Following the completion of the sale, the director now owns 13,908 shares of the company’s stock, valued at approximately $2,736,120.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
R Craig Kennedy also recently made the following trade(s):
- On Friday, March 1st, R Craig Kennedy sold 1,500 shares of First Solar stock. The stock was sold at an average price of $157.76, for a total transaction of $236,640.00.
First Solar Trading Down 2.0 %
NASDAQ FSLR opened at $190.72 on Thursday. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $232.00. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $169.38 and its 200-day moving average price is $159.14. The stock has a market cap of $20.41 billion, a P/E ratio of 19.99, a P/E/G ratio of 0.33 and a beta of 1.37.
Institutional Investors Weigh In On First Solar
Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in First Solar during the 4th quarter valued at $298,123,000. Clean Energy Transition LLP increased its holdings in First Solar by 948.8% in the 3rd quarter. Clean Energy Transition LLP now owns 1,186,646 shares of the solar cell manufacturer’s stock worth $191,750,000 after buying an additional 1,073,500 shares in the last quarter. Barclays PLC increased its holdings in First Solar by 125.5% in the 3rd quarter. Barclays PLC now owns 848,623 shares of the solar cell manufacturer’s stock worth $137,130,000 after buying an additional 472,327 shares in the last quarter. Schroder Investment Management Group raised its position in First Solar by 16.7% in the 4th quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock worth $422,861,000 after buying an additional 351,540 shares during the last quarter. Finally, Covalis Capital LLP lifted its stake in First Solar by 615.6% during the 3rd quarter. Covalis Capital LLP now owns 408,012 shares of the solar cell manufacturer’s stock valued at $65,931,000 after acquiring an additional 350,996 shares during the period. Institutional investors own 92.08% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on FSLR shares. Barclays boosted their price objective on shares of First Solar from $224.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Susquehanna reaffirmed a “positive” rating and set a $258.00 price target on shares of First Solar in a research report on Friday, April 5th. UBS Group lifted their price objective on First Solar from $250.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upgraded First Solar from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $187.00 to $250.00 in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of First Solar from $237.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, First Solar has an average rating of “Moderate Buy” and an average price target of $238.16.
View Our Latest Stock Report on FSLR
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.
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