Rep. Dave Min Sells Off Shares of First Solar, Inc. (NASDAQ:FSLR)

Representative Dave Min (D-California) recently sold shares of First Solar, Inc. (NASDAQ:FSLR). In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Solar stock on March 19th.

Representative Dave Min also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zoom Technologies (OTCMKTS:ZOOM) on 3/19/2025.

First Solar Trading Down 1.9 %

Shares of FSLR stock opened at $124.38 on Thursday. The stock has a market cap of $13.32 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $137.51 and a 200 day simple moving average of $174.08.

First Solar (NASDAQ:FSLR) last released its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. On average, research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 21,542 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.09, for a total value of $3,039,360.78. Following the completion of the sale, the chief executive officer now owns 103,403 shares of the company’s stock, valued at approximately $14,589,129.27. This trade represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Markus Gloeckler sold 380 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $50,825.00. Following the completion of the transaction, the chief technology officer now owns 17,594 shares in the company, valued at approximately $2,353,197.50. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,311 shares of company stock worth $4,767,158 in the last quarter. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On First Solar

A number of hedge funds have recently bought and sold shares of the company. Clear Harbor Asset Management LLC grew its holdings in First Solar by 0.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after acquiring an additional 55 shares during the period. Doliver Advisors LP increased its holdings in First Solar by 1.2% in the fourth quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock worth $831,000 after purchasing an additional 56 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after buying an additional 63 shares in the last quarter. Independent Advisor Alliance grew its position in shares of First Solar by 3.1% during the 4th quarter. Independent Advisor Alliance now owns 2,090 shares of the solar cell manufacturer’s stock worth $368,000 after buying an additional 63 shares during the period. Finally, Huntington National Bank increased its stake in shares of First Solar by 15.3% in the 4th quarter. Huntington National Bank now owns 511 shares of the solar cell manufacturer’s stock valued at $90,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. UBS Group cut their target price on First Solar from $285.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Redburn Atlantic initiated coverage on First Solar in a research report on Monday, March 3rd. They set a “neutral” rating for the company. Piper Sandler decreased their target price on First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.63.

About Representative Min

Dave Min (Democratic Party) is a member of the U.S. House, representing California’s 47th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Min (Democratic Party) is running for re-election to the U.S. House to represent California’s 47th Congressional District. He declared candidacy for the 2026 election.

Dave Min lives in Irvine, California. Min earned a B.S. in economics and a B.A. in philosophy from the University of Pennsylvania Wharton School in 1999 and a J.D. from Harvard Law School in 2002. His career experience includes working as an enforcement attorney with the Securities and Exchange Commission, a senior economic policy advisor for U.S. Senator Chuck Schumer, a professor with the University of California at Irvine School of Law, and an economic policy director at the Center for American Progress.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.