Insider DEJONG PHILIP sold 15304 Shares Of First Solar, Inc. (FSLR)

Marco Green
January 13, 2018

They now have a $66.83 price target on the solar cell manufacturer's stock. If the $76.25 price target is reached, the company will be worth $231.93 million more.

So you know, I have offered profitable trading ideas on FSLR stock in this column several times over the past eight months as the stock began building a sound base and pushed well higher since May of 2017.

Ratings analysis reveals 11% of First Solar's analysts are positive. Zacks Investment Research raised First Solar from a "hold" rating to a "buy" rating and set a $51.00 price target on the stock in a research report on Monday, October 2nd. Finally, Cowen reaffirmed an "outperform" rating and issued a $77.00 price objective (up from $60.00) on shares of First Solar in a research note on Wednesday, December 6th. Aspen Investment Management reported 4,727 shares or 0.54% of all its holdings. (NASDAQ:FSLR), with 6 analysts believing it is a strong buy.

Among 6 analysts covering Ferro (NYSE:FOE), 6 have Buy rating, 0 Sell and 0 Hold. First Solar has a consensus rating of "Hold" and a consensus target price of $63.22. KeyBanc Capital Markets maintained the shares of FOE in report on Friday, November 10 with "Overweight" rating.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The firm has a market capitalization of $7,610.00, a P/E ratio of -18.33 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.85 and a quick ratio of 6.47. First Solar has a 1-year low of $25.56 and a 1-year high of $76.61. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $859.22 million. First Solar had a net margin of 14.72% and a return on equity of 9.58%. The business's revenue was down 45.9% compared to the same quarter a year ago. During the same period in the prior year, the business posted $1.22 earnings per share. analysts anticipate that First Solar will post 2.52 EPS for the current fiscal year. Of those transactions, there were 46,773 shares of FSLR bought and 211,152 shares sold.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 63.04%, and has a solid year to date (YTD) performance of 12.96% which means that the stock is constantly adding to its value from the previous fiscal year end price. Following the completion of the transaction, the insider now owns 9,227 shares in the company, valued at $646,443.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Solar, Inc. provides solar energy solutions in the United States and internationally. It dropped, as 48 investors sold FSLR shares while 83 reduced holdings. Following the transaction, the chief operating officer now owns 10,424 shares of the company's stock, valued at approximately $707,059.92. The disclosure for this sale can be found here. The Parkside Financial Bank & Trust holds 13,562 shares with $656,000 value, up from 3,257 last quarter.

Institutional investors and hedge funds have recently made changes to their positions in the business.

The arrangement allows Power Electronics to strengthen its deep commitment to customer support with the backing of First Solar Energy Services' technical resource team. Vanguard Group Inc. now owns 6,545,727 shares of the solar cell manufacturer's stock valued at $261,043,000 after buying an additional 243,787 shares during the period. Schroder Investment Management Group increased its position in First Solar by 12,600.7% in the second quarter. The company had a trading volume of 1,657,234 shares. Bank of New York Mellon Corp increased its position in First Solar by 6.0% in the third quarter. Brigade Capital Management Lp acquired 190,000 shares as Ferro Corp (FOE)'s stock rose 20.45%. Schumaker Bryan Robert also sold $16,155 worth of First Solar, Inc. According to their observations and findings, the stock could provide a high EPS of $-0.24/share and a low EPS of $-0.41/share. (NASDAQ:AAPL) shares were sold by LEVINSON ARTHUR D. On Thursday, August 24 the insider COOK TIMOTHY D sold $43.15M.

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Additionally, according to the most recent 13F filing from First Solar, Inc.

To view Vetr's full report, visit Vetr's official website.

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