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

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.
• 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.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

First Solar Stock Performance

NASDAQ:FSLR opened at $140.74 on Friday. The stock has a market capitalization of $15.09 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.19 and a beta of 1.46. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $306.77. The firm has a 50 day moving average of $130.33 and a 200-day moving average of $163.97.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings data 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). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $844.57 million during the quarter, compared to analyst estimates of $863.11 million. During the same period in the prior year, the firm posted $2.20 EPS. First Solar's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSLR. Citigroup lowered their price objective on shares of First Solar from $254.00 to $236.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Robert W. Baird dropped their price objective on shares of First Solar from $267.00 to $240.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets decreased their price objective on First Solar from $200.00 to $187.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. 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. Finally, Jefferies Financial Group cut First Solar from a "buy" rating to a "hold" rating and decreased their price target for the company from $202.00 to $127.00 in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $223.87.

Insider Transactions at First Solar

In related news, CTO Markus Gloeckler sold 380 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $50,825.00. Following the completion of the sale, the chief technology officer now directly owns 17,594 shares in the company, valued at approximately $2,353,197.50. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Georges Antoun sold 229 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $30,628.75. Following the sale, the insider now directly owns 52,836 shares of the company's stock, valued at $7,066,815. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,311 shares of company stock worth $4,767,158 in the last 90 days. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On First Solar

A number of hedge funds and other institutional investors have recently made changes to their positions in FSLR. Garde Capital Inc. bought a new position in First Solar in the first quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock valued at $32,000 after acquiring an additional 219 shares during the last quarter. Abound Financial LLC bought a new stake in First Solar during the first quarter worth about $45,000. Smartleaf Asset Management LLC grew its stake in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of First Solar during the 1st quarter worth approximately $51,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

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.

First Solar Company Profile

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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