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Jason E. Dymbort, the General Counsel and Secretary of First Solar, Inc. (NASDAQ:FSLR), recently reported a significant stock transaction. On March 17, Dymbort sold 363 shares of the company’s common stock at a price of $133.75 per share, totaling $48,551. This sale was conducted to satisfy certain tax withholding obligations related to the vesting of restricted stock units. According to InvestingPro data, First Solar’s stock has experienced significant volatility, currently trading near its 52-week low of $124.96, with the shares down approximately 47% over the past six months.
Additionally, on March 14, Dymbort acquired 854 shares of common stock through the vesting of restricted stock units. These units were part of an annual equity grant made on March 15, 2022, under First Solar’s 2020 Omnibus Incentive Compensation Plan. Following these transactions, Dymbort holds 22,273 shares in the company. Despite recent price weakness, First Solar maintains strong fundamentals with a P/E ratio of 10.56 and robust financial health, as indicated by InvestingPro’s analysis showing the company holds more cash than debt and maintains healthy liquidity ratios. Get access to 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
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 insights and mitigation strategies to address potential geopolitical and weather-related disruptions. Barclays (LON:BARC), Mizuho (NYSE:MFG) Securities, UBS, and RBC Capital have all adjusted their price targets for First Solar, reflecting various insights from the company’s recent financial guidance and operational strategies. Barclays lowered its price target to $236, maintaining an Overweight rating, while noting First Solar’s expectations for its Indian operations to run near full capacity in 2025. Mizuho reduced its target to $252, keeping an Outperform rating, and highlighted First Solar’s progress in U.S. production despite international challenges.
UBS revised its target to $285, sustaining a Buy rating, and emphasized First Solar’s strong U.S. production capacity. RBC Capital decreased its target to $251, maintaining an Outperform rating, citing several temporary headwinds affecting the company’s outlook. First Solar’s fourth-quarter results and 2025 guidance have been a focal point, with mixed responses from analysts regarding the company’s operational efficiency and international demand. Despite these challenges, First Solar’s U.S. facilities remain a significant strength, with robust production ramp-up and overbooked capacity providing a buffer against potential delays. These developments reflect the company’s ongoing efforts to navigate a complex global environment while maintaining a competitive edge in the solar industry.
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