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TEMPE, Ariz.—First Solar, Inc. (NASDAQ:FSLR), the $13.7 billion market cap solar manufacturer currently trading at an attractive P/E ratio of 10.5x, saw its Chief Executive Officer Mark Widmar recently execute a series of stock transactions, according to a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates. On March 14, Widmar acquired 4,856 shares of common stock through the vesting of restricted stock units, with no cash changing hands as these units were part of an equity compensation plan.
Subsequently, on March 17, Widmar sold 1,966 shares of First Solar stock at a price of $133.75 per share, totaling approximately $262,952. This sale was conducted to satisfy tax withholding obligations related to the vesting of the restricted stock units.
Following these transactions, Widmar’s direct ownership stands at 111,890 shares of First Solar common stock. The stock has experienced significant volatility recently, trading near its 52-week low of $124.96, suggesting potential opportunities for value investors.
In other recent news, First Solar has partnered with Everstream Analytics to enhance its supply chain resilience and visibility. This collaboration aims to provide First Solar with risk insight and mitigation strategies to address potential disruptions. Meanwhile, several analysts have adjusted their price targets for First Solar. Barclays (LON:BARC) lowered its target from $273 to $236, maintaining an Overweight rating, and highlighted production dynamics in First Solar’s Indian, Malaysian, and Vietnamese facilities. Mizuho (NYSE:MFG) Securities also revised its target to $252 from $259, citing a slight decrease in gross margin percentage but maintaining an Outperform rating. UBS adjusted its price target to $285 from $360, sustaining a Buy rating, and noted that First Solar’s mid-point revenue guidance for 2025 aligns with consensus expectations. Additionally, RBC Capital Markets reduced its price target to $251 from $280, maintaining an Outperform rating, while noting challenges that impacted First Solar’s recent financial results. Despite these adjustments, analysts continue to recognize the strategic moves and operational progress of First Solar.
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