First Solar executive sells $30,181 in stock

Caroline Stockdale, Chief People and Communications Officer at First Solar, Inc. (NASDAQ:FSLR), recently sold shares of the company’s common stock. On March 7, Stockdale sold 227 shares at a price of $132.96 each, totaling $30,181. The transaction comes as First Solar trades near its 52-week low of $124.96, with the stock down about 36% over the past six months. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.

This transaction follows several other activities on March 6, where Stockdale acquired shares through the vesting of restricted stock units. These acquisitions were carried out at no cost, as part of the company’s incentive compensation plan. Additionally, certain shares were withheld to cover tax obligations, with 521 shares valued at $131.13 each, amounting to $68,318.

Stockdale’s transactions reflect a mix of routine equity compensation management and strategic selling, as she continues to hold a significant number of shares in First Solar.

In other recent news, First Solar has partnered with Everstream Analytics to enhance its supply chain resilience. This collaboration aims to provide First Solar with real-time insights and risk management tools to navigate potential disruptions in its supply chain. Meanwhile, several analyst firms have adjusted their price targets for First Solar. Barclays (LON:BARC) reduced its target to $236 while maintaining an Overweight rating, citing production dynamics across its facilities. Mizuho (NYSE:MFG) also lowered its target to $252, retaining an Outperform rating, and noted stable U.S. market pricing supported by tariffs and patent advantages. UBS revised its target to $285, maintaining a Buy rating, and highlighted First Solar’s competitive edge in U.S. production. RBC Capital decreased its target to $251, citing challenges impacting First Solar’s operational efficiency and gross margins. These developments reflect various strategic and operational adjustments that First Solar is making in response to market conditions and internal assessments.

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