Marcus Glockler, Chief Technology Officer of First Solar, Inc. (NASDAQ:FSLR) sold 679 shares of the company's stock on March 7, 2024, according to a recent SEC filing. The transaction was announced via an SEC Form 4 document.
First Solar Inc is a leading global provider of comprehensive photovoltaic (PV) solar systems using advanced module and system technology. The company's integrated power plant solutions provide economically attractive alternatives to today's fossil fuel power generation. From sourcing raw materials to recycling used modules, First Solars' renewable energy systems protect and enhance the environment.
Over the past year, insiders have sold a total of 1,143 shares of First Solar stock, but didn't buy any shares. The recent insider sales are part of a series of trades over the same period, with 19 reported insider sales and no insider purchases.
On the day the sale was reported, First Solar's stock was trading at $160, giving the company a market capitalization of $17.24 billion. The price-to-earnings ratio of 20.85 is lower than the industry median of 29.505, but higher than the company's historical median.
The price to GF value ratio is 1.02, indicating that First Solar Inc is fairly valued compared to its GF value of $157.33. GF Value is a proprietary intrinsic value estimate by GuruFocus that takes into account historical trading multiples, GuruFocus adjustment factors based on past earnings and growth, and Morningstar analyst estimates of future performance.
The insider trends image above reflects recent insider selling activity at First Solar Inc.
The GF Value image above is a visual representation of First Solar Inc's current valuation in relation to its intrinsic value, as estimated by GuruFocus.
For more information on First Solar Inc's insider transactions, interested parties can view its SEC filings using the link provided.
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This article first appeared on GuruFocus.
