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In recent transactions disclosed by First Solar, Inc. (NASDAQ:FSLR), a solar manufacturing company with robust financials and a "GREAT" health score according to InvestingPro, Chief Financial Officer Bradley Alexander R. executed several stock transactions involving the company’s common stock. On March 7, Alexander sold 391 shares, totaling $51,987, at a price of $132.96 per share, with the stock currently trading near its 52-week low despite strong revenue growth of ~27% last year.
Additionally, on March 6, there were multiple transactions involving the exercise and vesting of restricted stock units. These included the acquisition of 1,465, 471, and 947 shares, with no purchase price, reflecting the vesting of restricted stock units granted in previous years. To cover tax obligations related to these vestings, 614 and 198 shares were withheld, valued at $131.13 per share, amounting to $106,477.
These transactions reflect routine management of equity compensation and tax obligations by the CFO, maintaining transparency in executive stock dealings.
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 real-time insights and risk management tools to address potential disruptions. Barclays (LON:BARC) has revised its price target for First Solar shares to $236 from $273, maintaining an Overweight rating. The adjustment reflects production dynamics, with the company’s Indian operations expected to run near full capacity while facilities in Malaysia and Vietnam may underperform. Mizuho (NYSE:MFG) Securities also reduced its price target for First Solar to $252, maintaining an Outperform rating, following the company’s fourth-quarter results and revenue guidance for 2025. UBS adjusted its price target to $285 from $360, maintaining a Buy rating, and noted that First Solar’s U.S. production ramp-up is progressing well. RBC Capital Markets lowered its price target to $251, citing challenges impacting the company’s operational efficiency and financial results. Despite these adjustments, First Solar’s U.S. factories remain a significant value driver, with a combined capacity of 14GW per year.
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