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First Solar Inc . (NASDAQ:FSLR), currently trading at $133.11 and showing strong financial health according to InvestingPro analysis, saw its Chief Technology Officer, Markus Gloeckler, execute a series of stock transactions recently. On March 7, Gloeckler sold 378 shares of the company’s common stock at an average price of $132.96 per share, totaling $50,258. The stock, which appears undervalued based on InvestingPro’s Fair Value model, has experienced significant volatility recently, trading near its 52-week low of $124.96.
In addition to the sale, Gloeckler also engaged in several other transactions on March 6. He acquired 760, 471, and 852 shares of common stock through the vesting of restricted stock units, which were granted as part of First Solar’s annual equity grant to executive officers. These transactions, however, did not involve any cash exchange as the stock was acquired at no cost.
Furthermore, Gloeckler disposed of 341 and 212 shares of common stock on the same day, with these shares being withheld by the issuer to cover tax obligations associated with the vesting of restricted stock units. These transactions occurred at a price of $131.13 per share, amounting to a total of $72,514.
Following these transactions, Gloeckler’s direct ownership stands at 17,120 shares of First Solar’s common stock.
In other recent news, First Solar’s financial outlook and strategic moves have drawn significant attention. The company has released its revenue guidance for 2025, projecting between $5.3 billion and $5.8 billion, with UBS highlighting a mid-point of $5.55 billion, slightly above consensus estimates. Analyst firms like Barclays (LON:BARC), Mizuho (NYSE:MFG), UBS, and RBC Capital have adjusted their price targets for First Solar, citing various factors influencing the company’s outlook. Barclays lowered its target to $236, noting production challenges in Malaysia and Vietnam, while Mizuho adjusted its target to $252, maintaining an Outperform rating despite lower gross margins. UBS set a price target at $285, emphasizing the strength of First Solar’s U.S. production facilities and their competitive edge. RBC Capital revised its target to $251, pointing to logistical issues and transitory charges impacting margins.
Additionally, First Solar has partnered with Everstream Analytics to enhance its supply chain resilience. This collaboration aims to provide the company with real-time risk insights and mitigation strategies to navigate geopolitical and weather-related disruptions. The strategic partnership underscores First Solar’s commitment to maintaining robust supply chain management in a challenging global environment. These developments reflect First Solar’s ongoing efforts to adapt to market conditions while leveraging its U.S. manufacturing capabilities.
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