First Solar’s chief supply chain officer sells $24,996 in stock

Michael Koralewski, Chief Supply Chain Officer at First Solar, Inc. (NASDAQ:FSLR), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On March 7, Koralewski sold 188 shares of First Solar stock at a price of $132.96 per share, totaling $24,996. The transaction comes as First Solar maintains a strong financial position with a market capitalization of $14.3 billion and healthy fundamentals, including a robust current ratio of 2.45 and more cash than debt on its balance sheet.

In addition to the sale, Koralewski engaged in several transactions on March 6, involving stock vesting and tax withholding. He acquired 1,282 shares through the vesting of restricted stock units at no cost. However, 360 of these shares were withheld by the company to cover tax obligations, valued at $47,206 based on the stock price of $131.13 per share. According to InvestingPro analysis, First Solar appears undervalued at current levels, with analysts setting price targets significantly above the current trading price.

These transactions are part of routine financial management by company executives, reflecting both the vesting of stock awards and the handling of related tax liabilities. The company has demonstrated strong financial performance with a revenue growth of 26.75% in the last twelve months and maintains a favorable P/E ratio of 11.01. For deeper insights into First Solar’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers detailed financial metrics and expert research reports.

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 disruptions. Additionally, Barclays (LON:BARC) revised its price target for First Solar, decreasing it to $236 while maintaining an Overweight rating. The revision reflects production expectations in First Solar’s Indian operations, which are anticipated to run near full capacity. Mizuho (NYSE:MFG) Securities also adjusted its price target to $252, maintaining an Outperform rating, noting First Solar’s U.S. production progress and challenges with international delays.

UBS adjusted its price target for First Solar to $285, maintaining a Buy rating, and highlighted the company’s 2025 revenue guidance as slightly above consensus. The report noted operational progress in U.S. facilities, emphasizing their significance due to overbooking. RBC Capital Markets reduced its price target to $251, citing challenges impacting the company’s operational efficiency and gross margins. Despite these challenges, RBC Capital estimated that First Solar’s gross profit could have exceeded expectations. These developments reflect First Solar’s strategic adjustments and ongoing challenges in both domestic and international markets.

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