First Solar, Inc. (FSLR) Files Form 4 Insider Selling : James Alton Hughes Sells 12,884 Shares

First Solar, Inc. (FSLR): James Alton Hughes , Chief Executive Officer of First Solar, Inc. sold 12,884 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $55.53 per share for a total value of $714,130.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Timothy Brian Rebhorn (EVP, Corp Dev & Strategic Mktg) sold 18,335 shares at $61.27 per share price.On Apr 14, 2016, Raffi Garabedian (Chief Technology Officer) sold 2,467 shares at $61.25 per share price.Also, On Apr 11, 2016, Philip Dejong (Chief Operating Officer) sold 6,379 shares at $61.82 per share price.On Mar 23, 2016, Bryan Robert Schumaker (Chief Accounting Officer) sold 5,001 shares at $70.64 per share price.

Shares of First Solar (FSLR) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.99 points or -1.77% at $54.85 with 25,05,480 shares getting traded. Post opening the session at $56.26, the shares hit an intraday low of $54.54 and an intraday high of $56.32 and the price vacillated in this range throughout the day. The company has a market cap of $5,608 M and the number of outstanding shares has been calculated to be 10,22,45,107 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

Company has been under the radar of several Street Analysts.First Solar is Upgraded by Standpoint Research to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 29, 2016.First Solar is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 68 from a previous price target of $90 . The Rating was issued on Apr 29, 2016.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 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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