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TEMPE, Ariz.—Mark Widmar, the Chief Executive Officer of First Solar, Inc. (NASDAQ:FSLR), recently sold shares valued at approximately $169,125. The transaction was disclosed in a recent filing with the Securities and Exchange Commission. The sale comes as First Solar, currently valued at $14.3 billion, maintains a strong financial health score according to InvestingPro analysis.
On March 7, Widmar sold 1,272 shares of First Solar’s common stock at an average price of $132.96 per share. This sale was part of a series of transactions related to the vesting of restricted stock units.
Additionally, Widmar engaged in transactions involving the acquisition and disposition of shares for tax withholding purposes. On March 6, he acquired 5,102 shares and disposed of 2,085 shares at a price of $131.13 per share, resulting in a transaction total of $336,610.
These transactions are part of routine financial management practices by executives, often involving the conversion of stock units and the sale of shares to cover tax obligations. Following these transactions, Widmar holds 109,000 shares of First Solar’s common stock. For detailed insights into First Solar’s valuation and 12+ additional ProTips, visit InvestingPro, where you’ll find comprehensive research reports and expert analysis.
In other recent news, First Solar has made significant strides in strengthening its supply chain resilience by partnering with Everstream Analytics. This collaboration aims to enhance the company’s risk management capabilities, providing real-time insights and strategies to mitigate potential disruptions. Meanwhile, several analyst firms have adjusted their price targets for First Solar. Barclays (LON:BARC) decreased its target to $236, citing production dynamics and capacity expectations in its Indian, Malaysian, and Vietnamese facilities. Mizuho (NYSE:MFG) Securities also reduced its target to $252, noting a slight drop in gross margin percentage and highlighting the company’s ongoing U.S. production ramp-up. UBS revised its price target to $285, interpreting First Solar’s 2025 revenue guidance as a positive sign, despite concerns over increased logistical costs. RBC Capital adjusted its target to $251, referencing challenges affecting the company’s operational efficiency and gross margins. Collectively, these developments reflect a period of strategic adjustments and operational focus for First Solar.
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