Marcus Glockler, Chief Technology Officer of First Solar, Inc. (NASDAQ:FSLR) sold 1,937 shares of the company's stock on April 4, 2024, according to a recent SEC filing. The trade was executed at an average price of $175 per share, giving him a total of $339,475.
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 3,550 shares of First Solar stock, but didn't buy any shares. The recent insider sales were part of a series of transactions over the same period, totaling 0 insider buys and 25 insider sells.
In terms of valuation, First Solar stock was trading at $175 on the day of the insider sale, giving the company a market capitalization of $18.69 billion. The company's price-to-earnings ratio of 22.56 is lower than the industry median of 33.11, but higher than the company's historical median price-to-earnings ratio.
According to the GuruFocus Value chart, the price is $175 and the GuruFocus Value is $161.81, and First Solar Inc's Price to GF Value ratio is 1.08, indicating that the stock is fairly valued compared to its estimated intrinsic value. It shows that Written by Guru Focus.
The GF value is determined by considering historical trading multiples such as price-to-earnings, price-to-sales, price-to-book, and price-to-free cash flow, in addition to GuruFocus adjustment factors based on a company's past earnings and growth. Masu. , future earnings forecasts provided by Morningstar analysts.
Insider transactions can provide investors with insight into a company's performance and insider sentiment, since transactions by top management can often give an indication of a company's future prospects.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
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