First Solar, Inc. (NASDAQ:FSLR) COO Sells $1,048,855.43 in Stock

First Solar, Inc. (NASDAQ:FSLR) COO Philip Dejong sold 21,091 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $49.73, for a total transaction of $1,048,855.43. Following the sale, the chief operating officer now owns 23,646 shares in the company, valued at $1,175,915.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of First Solar, Inc. (FSLR) traded up 1.69% during midday trading on Friday, hitting $47.54. 1,013,896 shares of the stock were exchanged. First Solar, Inc. has a 12-month low of $25.56 and a 12-month high of $50.21. The firm has a 50-day moving average price of $43.93 and a 200 day moving average price of $35.65. The firm’s market cap is $4.96 billion.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.60. First Solar had a positive return on equity of 6.43% and a negative net margin of 18.80%. The business had revenue of $623 million during the quarter, compared to analyst estimates of $591.55 million. During the same quarter last year, the company posted $0.87 EPS. First Solar’s revenue for the quarter was down 38.7% on a year-over-year basis. Analysts predict that First Solar, Inc. will post $2.11 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of First Solar by 7,977.6% in the first quarter. BlackRock Inc. now owns 6,922,544 shares of the solar cell manufacturer’s stock worth $187,601,000 after buying an additional 6,836,843 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of First Solar by 3.9% in the second quarter. Vanguard Group Inc. now owns 6,545,727 shares of the solar cell manufacturer’s stock worth $261,043,000 after buying an additional 243,787 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of First Solar by 28.8% in the first quarter. Wellington Management Group LLP now owns 3,038,924 shares of the solar cell manufacturer’s stock worth $82,356,000 after buying an additional 679,898 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of First Solar by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,756,980 shares of the solar cell manufacturer’s stock worth $74,715,000 after buying an additional 158,896 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of First Solar by 12,600.7% in the second quarter. Schroder Investment Management Group now owns 1,679,286 shares of the solar cell manufacturer’s stock worth $67,306,000 after buying an additional 1,666,064 shares during the last quarter. Hedge funds and other institutional investors own 60.75% of the company’s stock.

A number of brokerages have commented on FSLR. UBS AG raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub raised shares of First Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. TheStreet raised shares of First Solar from a “d+” rating to a “c” rating in a research report on Wednesday, July 19th. Vetr cut shares of First Solar from a “buy” rating to a “sell” rating and set a $46.69 price objective for the company. in a research report on Monday, July 31st. Finally, ValuEngine raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.35.

About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Insider Buying and Selling by Quarter for First Solar (NASDAQ:FSLR)

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