Markus Gloeckler, Chief Technology Officer of First Solar Inc (NASDAQ:FSLR), executed a sale of 679 shares within the firm on March 7, 2024, in accordance with a current SEC submitting. The transaction was made public via an SEC Form 4 doc.

First Solar Inc is a number one world supplier of complete photovoltaic (PV) photo voltaic techniques which use its superior module and system know-how. The firm’s built-in energy plant options ship an economically engaging various to fossil-fuel electrical energy technology immediately. From uncooked materials sourcing via end-of-life module recycling, First Solars renewable power techniques shield and improve the surroundings.

Over the previous yr, the insider has bought a complete of 1,143 shares of First Solar Inc and has not made any buy of shares. The current sale by the insider is a part of a collection of transactions over the identical interval, with 19 insider sells and no insider buys reported.

On the date of the reported sale, shares of First Solar Inc have been buying and selling at $160, giving the corporate a market capitalization of $17.24 billion. The price-earnings ratio stood at 20.85, which is under the business median of 29.505 however above the historic median for the corporate.

The inventory’s price-to-GF-Value ratio was 1.02, indicating that First Solar Inc was Fairly Valued in relation to its GF Value of $157.33. The GF Value is a proprietary intrinsic worth estimate from GuruFocus, which components in historic buying and selling multiples, a GuruFocus adjustment issue primarily based on previous returns and development, and future enterprise efficiency estimates from Morningstar analysts.

The insider pattern picture above displays the current insider promoting exercise at First Solar Inc.

The GF Value picture above offers a visible illustration of First Solar Inc’s present valuation in relation to its intrinsic worth in accordance with GuruFocus estimates.

For extra detailed info on insider transactions at First Solar Inc, people can check with the SEC submitting via the offered hyperlink.

This article, generated by GuruFocus, is designed to offer basic insights and isn’t tailor-made monetary recommendation. Our commentary is rooted in historic information and analyst projections, using an neutral methodology, and isn’t meant to function particular funding steering. It doesn’t formulate a advice to buy or divest any inventory and doesn’t think about particular person funding goals or monetary circumstances. Our goal is to ship long-term, basic data-driven evaluation. Be conscious that our evaluation may not incorporate the latest, price-sensitive firm bulletins or qualitative info. GuruFocus holds no place within the shares talked about herein.

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