First Solar chief manufacturing officer sells $55,710 in stock

TEMPE, Ariz.—Kuntal Kumar Verma, the Chief Manufacturing Officer at First Solar, Inc. (NASDAQ:FSLR), recently sold shares of the company’s stock valued at approximately $55,710. According to a recent SEC filing, the transaction took place on March 7, 2025, involving the sale of 419 shares at a price of $132.96 per share.

The filing also detailed other transactions by Verma, including the acquisition of shares through the vesting of restricted stock units. On March 6, 2025, Verma acquired a total of 2,069 shares of common stock through vesting events, although these transactions did not involve any cash exchange.

Additionally, 504 shares were withheld to satisfy tax obligations related to the vesting of these units, with a cash value of $66,089 based on a price of $131.13 per share. After these transactions, Verma’s direct ownership in First Solar stands at 4,695 shares.

First Solar, a leading manufacturer in the solar industry with a market capitalization of $14.31 billion, is headquartered in Tempe, Arizona. InvestingPro data shows the company maintains excellent financial health, with detailed analysis available in the comprehensive Pro Research Report covering 1,400+ top US stocks.

In other recent news, First Solar has engaged in a strategic partnership with Everstream Analytics to enhance its supply chain resilience and transparency. This collaboration aims to provide First Solar with real-time insights and risk management tools, crucial for navigating geopolitical and weather-related supply chain disruptions. Additionally, several financial analysts have adjusted their price targets for First Solar. Barclays (LON:BARC) lowered its target to $236 while maintaining an Overweight rating, citing production challenges in Malaysia and Vietnam. Mizuho (NYSE:MFG) revised its target to $252, continuing an Outperform rating, following the company’s fourth-quarter results and stable U.S. market pricing. UBS also adjusted its target to $285, maintaining a Buy rating, and noted that First Solar’s U.S. production ramp-up is progressing well, despite some international demand concerns. RBC Capital reduced its target to $251, citing operational challenges and uncertainties affecting the company’s outlook, though it still maintains an Outperform rating. These developments reflect ongoing adjustments in First Solar’s operational strategies and financial expectations.

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