First Solar’s chief product officer sells $25,528 in stock

Patrick James Buehler, the Chief Product Officer at First Solar, Inc. (NASDAQ:FSLR), recently executed a series of transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Buehler sold 192 shares on March 7, 2025, at an average price of $132.96 per share, totaling approximately $25,528. The transaction comes as First Solar trades near its 52-week low of $124.96, with InvestingPro analysis indicating the stock is currently undervalued.

In addition to the sale, several other transactions were reported. On March 6, Buehler acquired shares through the vesting of restricted stock units. The transactions included acquiring 434 shares, 189 shares, and 442 shares, all at no cost, as part of the company’s annual equity grant to executive officers. These acquisitions were made through the vesting of previously granted restricted stock units. The company maintains strong financial health with a current ratio of 2.45 and holds more cash than debt on its balance sheet, according to InvestingPro data.

Furthermore, Buehler disposed of 191 and 83 shares on March 6 to cover tax withholding obligations, at a price of $131.13 per share, amounting to a total of $35,929.

Following these transactions, Buehler’s direct ownership stands at 7,625 shares. These transactions reflect routine management of equity compensation and tax obligations.

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 advanced risk insight and mitigation strategies, focusing on potential geopolitical and weather-related disruptions. Meanwhile, Barclays (LON:BARC) has revised its price target for First Solar to $236, maintaining an Overweight rating, highlighting the company’s strategic production adjustments across its global facilities. Mizuho (NYSE:MFG) Securities also adjusted its price target to $252, citing First Solar’s ongoing U.S. production ramp-up and stable pricing expectations in the American market. UBS lowered its price target to $285 but maintained a Buy rating, viewing the company’s 2025 revenue guidance positively, despite some concerns over increased costs.

RBC Capital Markets reduced its price target to $251, maintaining an Outperform rating, due to challenges impacting First Solar’s operational efficiency and gross margins. The company reported several transitory charges affecting its fourth-quarter results for 2024, including logistics and tax credit sale impacts. Despite these challenges, First Solar’s gross profit and EBIT estimates surpassed consensus expectations. The company’s backlog at the end of 2024 was 68.5 gigawatts, reflecting robust demand from U.S. utility-scale customers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.