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On March 6 and 7, Georges Antoun, Chief Commercial Officer of First Solar, Inc. (NASDAQ:FSLR), executed a series of stock transactions, according to a recent SEC filing. Antoun sold 147 shares of First Solar’s common stock at a price of $132.96 per share, totaling $19,545. The transaction comes as First Solar trades near its 52-week low of $124.96, with the stock down about 33% over the past six months.
In addition to the stock sale, Antoun engaged in several other transactions. He acquired shares through the vesting of restricted stock units, adding 733, 283, and 378 shares to his holdings without any cash exchange. These transactions were part of the company’s annual equity grant to executive officers. However, to cover certain tax withholding obligations, 289 and 112 shares were withheld at a price of $131.13 per share, amounting to a total of $52,583.
After these transactions, Antoun’s direct ownership of First Solar shares stands at 52,478. These activities reflect routine management of stock awards, aligned with the company’s incentive compensation plans. According to InvestingPro analysis, First Solar maintains strong financial health with a current ratio of 2.45 and holds more cash than debt on its balance sheet. The stock currently appears undervalued based on InvestingPro’s Fair Value calculations, with 14 additional real-time insights available to subscribers.
In other recent news, First Solar has made several significant announcements and adjustments. The company has partnered with Everstream Analytics to enhance its supply chain resilience, focusing on risk insight and mitigation strategies to counter potential disruptions. Analysts have also been active, with Barclays (LON:BARC) revising its price target for First Solar to $236, maintaining an Overweight rating, while Mizuho (NYSE:MFG) adjusted its target to $252, retaining an Outperform rating. UBS lowered its target to $285, yet kept a Buy rating, and RBC Capital decreased its target to $251, holding an Outperform rating. These changes reflect varying analyst perspectives on First Solar’s future performance amid challenges and opportunities.
First Solar’s revenue guidance for 2025 is between $5.3 billion and $5.8 billion, with UBS noting a mid-point guidance of $5.55 billion, slightly above consensus expectations. The company’s international operations face challenges, with Malaysian and Vietnamese facilities expected to underperform, while Indian facilities are anticipated to maintain full capacity. The U.S. production ramp-up is progressing well, with facilities in Alabama and Louisiana expected to increase output in 2025. Despite some concerns, First Solar’s competitive advantage lies in its U.S.-manufactured solar modules, which continue to be a key focus for the company.
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