First Solar, Inc. (FSLR) CFO Alexander R. Bradley Sells 566 Shares

First Solar, Inc. (NASDAQ:FSLR) CFO Alexander R. Bradley sold 566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $48.66, for a total transaction of $27,541.56. Following the transaction, the chief financial officer now owns 963 shares in the company, valued at $46,859.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Solar, Inc. (FSLR) traded up 0.61% during trading on Friday, reaching $48.06. 983,257 shares of the company’s stock were exchanged. The stock’s market capitalization is $5.02 billion. The company’s 50 day moving average price is $45.14 and its 200-day moving average price is $36.24. First Solar, Inc. has a 52 week low of $25.56 and a 52 week high of $50.21.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.60. First Solar had a negative net margin of 18.80% and a positive return on equity of 6.43%. The firm had revenue of $623 million for the quarter, compared to the consensus estimate of $591.55 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue was down 38.7% on a year-over-year basis. On average, equities analysts expect that First Solar, Inc. will post $2.11 EPS for the current year.

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A number of research analysts have recently issued reports on the stock. UBS AG upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Axiom Securities restated a “buy” rating on shares of First Solar in a research report on Thursday, August 10th. JMP Securities set a $67.00 target price on shares of First Solar and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of First Solar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.89.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors increased its position in shares of First Solar by 39.2% in the first quarter. Nationwide Fund Advisors now owns 340,672 shares of the solar cell manufacturer’s stock worth $9,232,000 after buying an additional 95,899 shares during the last quarter. James Investment Research Inc. acquired a new stake in First Solar during the first quarter worth about $163,000. Retirement Systems of Alabama boosted its stake in First Solar by 165.0% in the first quarter. Retirement Systems of Alabama now owns 100,743 shares of the solar cell manufacturer’s stock worth $2,730,000 after buying an additional 62,725 shares during the period. DnB Asset Management AS boosted its stake in First Solar by 0.6% in the first quarter. DnB Asset Management AS now owns 518,218 shares of the solar cell manufacturer’s stock worth $14,044,000 after buying an additional 3,300 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in First Solar during the first quarter worth about $534,000. 60.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

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