First Solar VP Nathan Theurer sells $4,681 in stock

Nathan B. Theurer, Vice President and Global Controller at First Solar, Inc. (NASDAQ:FSLR), recently sold 35 shares of the company’s common stock. The transaction, executed on March 17, 2025, was reported at a price of $133.75 per share, amounting to a total value of $4,681. The sale comes as First Solar’s stock trades near its 52-week low of $124.96, having declined about 47% over the past six months. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value metrics.

Earlier, on March 14, 2025, Theurer acquired 131 shares of First Solar’s common stock through the vesting of restricted stock units. These shares were part of a scheduled vesting from a grant made on March 15, 2022. Following these transactions, Theurer’s direct ownership stands at 307 shares.

The sale of shares was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units.

In other recent news, First Solar has been actively managing its supply chain and financial outlook amidst various challenges. The company has partnered with Everstream Analytics to enhance its supply chain resilience and visibility, aiming to address potential disruptions caused by geopolitical and weather-related factors. This collaboration is part of First Solar’s ongoing efforts to mature its supply chain management and ensure operational stability.

Meanwhile, several analyst firms have adjusted their price targets for First Solar. Barclays (LON:BARC) lowered its target to $236, maintaining an Overweight rating, and highlighted the company’s production strategy, particularly its reliance on Indian operations. Mizuho (NYSE:MFG) also reduced its price target to $252, sustaining an Outperform rating, while noting that First Solar’s U.S. production is progressing as planned despite international challenges. UBS adjusted its price target to $285, maintaining a Buy rating, and expressed confidence in the company’s U.S. production capabilities, which are seen as a key advantage.

RBC Capital Markets cut its price target to $251, citing a less favorable outlook due to several temporary headwinds impacting First Solar’s financial performance. These adjustments follow First Solar’s recent financial guidance, with the company setting its 2025 revenue guidance between $5.3 to $5.8 billion. Analysts have noted that the company’s U.S. factories, with a combined capacity of 14GW per year, remain a significant strength, despite challenges in international markets.

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