First Solar, Inc. (FSLR) Files Form 4 Insider Selling : Raffi Garabedian Sells 2,467 Shares

First Solar, Inc. (FSLR): Raffi Garabedian , Chief Technology Officer of First Solar, Inc. sold 2,467 shares on Apr 13, 2016. The Insider selling transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were sold at $61.25 per share for a total value of $151,103.75 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.First Solar is Initiated by Guggenheim to Buy. The Rating was issued on Apr 13, 2016.First Solar is Reiterated by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 67 from a previous price target of $71 . The Rating was issued on Apr 6, 2016.First Solar is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $71. The Rating was issued on Mar 31, 2016.First Solar is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 1, 2016.First Solar is Downgraded by Standpoint Research to Hold and the brokerage firm has set the Price Target at $84. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 25, 2016.

Currently the company Insiders own 0.3% of First Solar shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -30.92%.Institutional Investors own 55.06% of First Solar shares.During last six month period, the net percent change held by insiders has seen a change of -83.65%.

Shares of First Solar (FSLR) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -1.11% at $59.96 with 23,63,214 shares getting traded. Post opening the session at $61, the shares hit an intraday low of $59.63 and an intraday high of $61.213 and the price vacillated in this range throughout the day. The company has a market cap of $6,102 M and the number of outstanding shares has been calculated to be 10,17,67,670 shares. The 52-week high of First Solar is $74.29 and the 52-week low is $40.25.

First Solar Money Flow Index Chart

First Solar Inc. is a global provider of solar energy solutions. The Company designs manufactures and sells photovoltaic (PV) solar modules and also develops designs constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Company’s components segment involves the design manufacture and sale of solar modules which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential commercial and industrial applications including solar power system project developers system integrators and solar plant operators throughout the Americas Asia Australia the Middle East and Africa.

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