First Solar CTO Markus Gloeckler sells $50,825 in stock

Markus Gloeckler, the Chief Technology Officer of First Solar, Inc. (NASDAQ:FSLR), recently reported a sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Gloeckler sold 380 shares of First Solar common stock on March 17, 2025, at a price of $133.75 per share, totaling $50,825. The transaction comes as First Solar trades near its 52-week low of $124.96, with the stock down approximately 47% over the past six months. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.

Additionally, on March 14, 2025, Gloeckler acquired 854 shares of common stock at no cost, following the vesting of restricted stock units. This acquisition was part of the company’s 2020 Omnibus Incentive Compensation Plan, which grants restricted stock units that vest annually. The shares sold were to cover tax obligations related to the vesting of these restricted stock units. Following these transactions, Gloeckler holds 17,594 shares of First Solar common stock directly. Despite recent stock price volatility, First Solar maintains strong fundamentals with a healthy current ratio of 2.45 and more cash than debt on its balance sheet. InvestingPro subscribers can access 13 additional key insights about First Solar’s financial health and growth prospects through the platform’s comprehensive Pro Research Report.

In other recent news, First Solar has partnered with Everstream Analytics to enhance its supply chain resilience and visibility, aiming to address potential disruptions due to geopolitical and weather-related factors. This collaboration is part of First Solar’s ongoing efforts to improve its supply chain management with real-time insights and risk management tools. Barclays (LON:BARC) analyst Christine Cho recently revised the price target for First Solar to $236, maintaining an Overweight rating, while Mizuho (NYSE:MFG) Securities adjusted its target to $252, retaining an Outperform rating. UBS also lowered its price target to $285 but continued with a Buy rating, viewing the company’s financial guidance as positive despite initial concerns. RBC Capital Markets adjusted its price target to $251, maintaining an Outperform rating, citing operational challenges and increased uncertainty affecting the company’s outlook.

First Solar’s 2025 revenue guidance stands at $5.3 to $5.8 billion, with production in India expected to run near full capacity, while facilities in Malaysia and Vietnam are anticipated to underperform. UBS highlighted that First Solar’s U.S. production ramp-up is progressing well, with facilities overbooked, providing a buffer against potential delays. Mizuho pointed out that First Solar’s module warranty and gross margin percentage were lower than expected, yet they perceive these as temporary issues. RBC Capital noted several challenges impacting First Solar’s gross margins, including transitory charges and increased operational expenses. Despite these challenges, First Solar reported gross bookings of around 5.1 gigawatts to U.S. utility-scale customers in 2024, with a backlog of 68.5 gigawatts.

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