Raffi Garabedian Sells 3,863 Shares of First Solar, Inc. (FSLR) Stock

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First Solar, Inc. (NASDAQ:FSLR) insider Raffi Garabedian sold 3,863 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $51.61, for a total transaction of $199,369.43. Following the transaction, the insider now owns 2,057 shares in the company, valued at approximately $106,161.77. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Raffi Garabedian also recently made the following trade(s):

  • On Wednesday, August 1st, Raffi Garabedian sold 4,159 shares of First Solar stock. The shares were sold at an average price of $52.91, for a total transaction of $220,052.69.

NASDAQ FSLR opened at $50.15 on Friday. The company has a current ratio of 4.89, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.91 and a beta of 1.48. First Solar, Inc. has a 52-week low of $45.26 and a 52-week high of $81.72.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 26th. The solar cell manufacturer reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.43). The company had revenue of $309.00 million during the quarter, compared to analyst estimates of $509.19 million. First Solar had a positive return on equity of 4.12% and a negative net margin of 8.35%. The business’s revenue for the quarter was down 50.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. research analysts forecast that First Solar, Inc. will post 1.68 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of First Solar by 24.0% during the 1st quarter. Wells Fargo & Company MN now owns 127,164 shares of the solar cell manufacturer’s stock valued at $9,026,000 after acquiring an additional 24,642 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of First Solar by 6.1% during the 1st quarter. New York State Teachers Retirement System now owns 108,200 shares of the solar cell manufacturer’s stock valued at $7,680,000 after acquiring an additional 6,200 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of First Solar by 108.3% during the 1st quarter. SG Americas Securities LLC now owns 40,923 shares of the solar cell manufacturer’s stock valued at $2,905,000 after acquiring an additional 21,275 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of First Solar by 320.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,240 shares of the solar cell manufacturer’s stock valued at $641,000 after acquiring an additional 7,041 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First Solar by 25.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,527 shares of the solar cell manufacturer’s stock valued at $463,000 after acquiring an additional 1,307 shares in the last quarter. Institutional investors own 54.20% of the company’s stock.

FSLR has been the topic of a number of recent research reports. TheStreet upgraded shares of First Solar from a “c” rating to a “b-” rating in a report on Friday, May 11th. BidaskClub downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Roth Capital set a $90.00 price target on shares of First Solar and gave the company a “buy” rating in a report on Wednesday, June 6th. ValuEngine downgraded shares of First Solar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 6th. Finally, Bank of America upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, June 25th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.85.

First Solar Company Profile

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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