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TEMPE, Ariz.—Bradley Alexander, the Chief Financial Officer of First Solar, Inc. (NASDAQ:FSLR), reported a sale of company stock valued at $80,116, according to a recent SEC filing. The transaction, which took place on March 17, involved the sale of 599 shares at an average price of $133.75 per share. The sale comes as First Solar’s stock trades near its 52-week low of $124.96, having declined about 47% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels.
In a related transaction on March 14, Alexander acquired 1,441 shares of common stock through the vesting of restricted stock units. These shares were issued at no cost as part of the company’s 2020 Omnibus Incentive Compensation Plan. The shares sold on March 17 were part of a transaction to satisfy tax withholding obligations related to this vesting.
Following these transactions, Alexander holds 45,717 shares of First Solar’s common stock.
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. Barclays (LON:BARC) has revised its price target for First Solar to $236, maintaining an Overweight rating, and noted the company’s 2025 revenue guidance of $5.3 to $5.8 billion. Mizuho (NYSE:MFG) Securities also adjusted its price target to $252 while maintaining an Outperform rating, citing stable pricing in the U.S. market. Meanwhile, UBS lowered its price target to $285, sustaining a Buy rating and interpreting First Solar’s 2025 revenue guidance positively. RBC Capital Markets decreased its price target to $251, citing challenges affecting the company’s operational efficiency. Despite these adjustments, First Solar’s U.S. production ramp-up is reportedly on track, providing a buffer against potential delays. Analysts have highlighted the strategic production adjustments in India, Malaysia, and Vietnam as part of First Solar’s response to market conditions.
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