The stock has risen about 29% since First Solar reported quarterly results on December 5, providing 2018 guidance that topped consensus estimates. Another trade for 566 shares valued at $27,542 was sold by Bradley Alexander R. Schumaker Bryan Robert sold $16,155 worth of First Solar, Inc. Insiders have sold 46,858 shares of company stock valued at $3,134,015 in the last 90 days.
Shares of First Solar, the largest US maker of solar products, surged 9.5% to close at 76.27 on the stock market today. Vanguard Group Inc. now owns 6,545,727 shares of the solar cell manufacturer's stock worth $261,043,000 after purchasing an additional 243,787 shares during the period.
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First Solar, Inc. provides solar energy solutions in the United States and internationally. The solar cell manufacturer reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.48. Moreover, Price T Rowe Assocs Md has 0% invested in First Solar, Inc. They expect $3.75 EPS, up 11.61% or $0.39 from last year's $3.36 per share. 63,388 Apple Inc. (NASDAQ:AAPL) shares with value of $9.78M were sold by AHRENDTS ANGELA J. Finally, Ecofin Ltd. purchased a new stake in First Solar during the second quarter valued at about $19,485,000.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin.More news: Possible thawing of tensions between North and South Korea
First Solar, Inc. has a 52-week low of $25.56 and a 52-week high of $71.80. Highbridge Cap Mgmt Ltd Company owns 6,421 shares for 0% of their portfolio. Wellington Shields & Company who had been investing in First Solar Inc Com for a number of months, seems to be bullish on the $7.91 billion market cap company. This showed a surprise of 132.1% in the last quarter earnings. After $1.95 actual EPS reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -116.92% negative EPS growth. Sales reached $1.09 billion during the three-month period, compared to the average analyst estimate of $0.87 billion. First Solar Inc. has $100.0 highest and $4.49 lowest target. Greatmark Investment Partners Inc sold 6,033 shares as the company's stock rose 12.78% with the market. It dived, as 48 investors sold FSLR shares while 83 reduced holdings. Domini Impact Investments Llc owns 6,935 shares or 7.23% of their USA portfolio. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. $55.57's average target is -20.20% below currents $69.64 stock price. Avalon Ltd Limited Liability Company owns 45,111 shares. The disclosure for this sale can be found here. (NASDAQ:FSLR) shares. DeJong Philip sold 15,304 shares worth $1.04 million. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
Several research firms have recently weighed in on FSLR. The firm earned "Buy" rating on Monday, January 18 by Standpoint Research. 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. The firm earned "Neutral" rating on Thursday, November 17 by Mizuho. (NASDAQ:FSLR) by some 9,253,757 shares, 150 decreased positions by 12,125,687 and 56 held positions by 31,415,557. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold.More news: Nationwide Fund Advisors Lowers Stake in QUALCOMM, Inc. (QCOM)
First Solar, Inc. (NASDAQ:FSLR) gross margin percentage stands at 17.9% while its operating margin for the past trailing twelve month is -17.9 percent and its overall profit margin (ttm) is -13.9 Percent. "(FSLR)" was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another website, it was copied illegally and republished in violation of US & worldwide copyright and trademark laws. (NASDAQ:FSLR). Mutual Of America Capital Management Limited Liability Corp holds 0.05% of its portfolio in First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced module and system technology.More news: Sam's Clubs Closing, including 3 in Southern California