Bank of America just raised its EUR/USD forecast
TEMPE, Ariz.—Mark Widmar, the Chief Executive Officer of First Solar, Inc. (NASDAQ:FSLR), recently sold 21,542 shares of the company’s common stock. The transaction, executed on February 28, 2025, was conducted at a price of $141.09 per share, totaling approximately $3.04 million.
This sale was carried out under a Rule 10b5-1 trading plan that Widmar had previously adopted on March 4, 2024. Following this transaction, Widmar retains ownership of 103,403 shares in the company.
First Solar is a prominent player in the solar energy sector, and such transactions often attract attention from investors monitoring insider activities within the industry.
In other recent news, First Solar has been the focus of several analyst updates following its financial and operational announcements. Barclays (LON:BARC) reduced its price target for First Solar to $236, maintaining an Overweight rating, while highlighting the company’s production strategy, particularly in its Indian facilities, which are expected to operate at full capacity. Mizuho (NYSE:MFG) also lowered its price target to $252 but maintained an Outperform rating, noting that First Solar’s revenue guidance for 2025 met expectations despite challenges with international module delays. UBS adjusted its target to $285, keeping a Buy rating, and highlighted the company’s U.S. production ramp-up and its competitive advantage in domestic manufacturing.
RBC Capital Markets decreased their price target to $251, citing operational challenges and transitory charges impacting gross margins, though they noted that First Solar’s earnings before interest and taxes (EBIT) surpassed estimates. BofA Securities reiterated a Buy rating with a price target of $236, emphasizing First Solar’s technological advancements and strong U.S. regulatory positioning, which support its production capacity plans through 2026. Despite facing temporary obstacles like project delays and supply imbalances, BofA remains optimistic about the company’s growth trajectory.
These developments reflect a mixed but generally positive outlook among analysts, who recognize First Solar’s strategic adjustments and strong U.S. market position as key factors in its future performance. The company’s revenue guidance and production strategies are pivotal in shaping these assessments, with analysts weighing domestic advantages against international challenges.
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