First Solar (NASDAQ:FSLR) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of First Solar, Inc. NASDAQ: FSLR. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Solar stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

First Solar Price Performance

Shares of NASDAQ:FSLR traded down $9.04 on Thursday, hitting $183.94. The stock had a trading volume of 788,074 shares, compared to its average volume of 3,025,251. The firm's 50 day moving average price is $133.12 and its 200-day moving average price is $163.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $306.77. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.19 and a beta of 1.46.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by ($0.55). The firm had revenue of $844.57 million during the quarter, compared to analyst estimates of $863.11 million. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 earnings per share. On average, equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analysts Set New Price Targets

FSLR has been the subject of a number of recent analyst reports. KeyCorp downgraded First Solar from a "sector weight" rating to an "underweight" rating and set a $100.00 target price for the company. in a research report on Wednesday, April 30th. Truist Financial reiterated a "buy" rating and set a $200.00 target price (down from $245.00) on shares of First Solar in a research note on Thursday, May 1st. Piper Sandler dropped their target price on shares of First Solar from $230.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group lowered their price target on shares of First Solar from $235.00 to $204.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada lowered their price objective on First Solar from $237.00 to $214.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and an average price target of $224.48.

Insider Buying and Selling at First Solar

In related news, CFO Alexander R. Bradley sold 599 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $80,116.25. Following the completion of the sale, the chief financial officer now directly owns 45,717 shares of the company's stock, valued at approximately $6,114,648.75. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark R. Widmar sold 21,542 shares of the firm's 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 sale, the chief executive officer now owns 103,403 shares of the company's stock, valued at approximately $14,589,129.27. The trade was a 17.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,311 shares of company stock worth $4,767,158. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Solar

Several hedge funds and other institutional investors have recently made changes to their positions in FSLR. Garde Capital Inc. bought a new stake in shares of First Solar during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of First Solar during the first quarter valued at $25,000. Larson Financial Group LLC grew its position 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 during the last quarter. Colonial Trust Advisors bought a new position in shares of First Solar during the 1st quarter worth about $32,000. Finally, Abound Financial LLC bought a new position in First Solar in the first quarter worth approximately $45,000. 92.08% of the stock is owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.