Patrick James Buehler Sells 1,868 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR - Get Free Report) insider Patrick James Buehler sold 1,868 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $149.08, for a total transaction of $278,481.44. Following the transaction, the insider now owns 5,998 shares in the company, valued at approximately $894,181.84. This trade represents a 23.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Solar Stock Up 1.5%

NASDAQ FSLR traded up $2.51 on Friday, hitting $166.35. 2,116,272 shares of the stock were exchanged, compared to its average volume of 3,061,793. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $306.77. The company has a 50-day moving average price of $143.19 and a 200-day moving average price of $159.79. 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 company has a market cap of $17.84 billion, a PE ratio of 14.33, a PEG ratio of 0.19 and a beta of 1.53.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.55). The firm had revenue of $844.57 million for the quarter, compared to analyst estimates of $863.11 million. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. Sell-side analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on shares of First Solar in a research note on Thursday, February 27th. Wells Fargo & Company reduced their price objective on First Solar from $191.00 to $177.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird lowered their price objective on First Solar from $267.00 to $240.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. TD Cowen cut their target price on First Solar from $275.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Glj Research upgraded First Solar from a "hold" rating to a "buy" rating and set a $172.37 price target on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, First Solar currently has an average rating of "Moderate Buy" and an average price target of $227.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSLR. Garde Capital Inc. purchased a new stake in First Solar during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of First Solar during the 1st quarter worth approximately $25,000. Larson Financial Group LLC boosted its holdings in shares of First Solar by 591.9% in the 1st quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock valued at $32,000 after buying an additional 219 shares in the last quarter. Colonial Trust Advisors acquired a new stake in shares of First Solar during the first quarter worth about $32,000. Finally, Abound Financial LLC purchased a new stake in shares of First Solar in the 1st quarter valued at about $45,000. 92.08% of the stock is owned by institutional investors and hedge funds.

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.