On June 3, 2024, Mark Widmar, Chief Executive Officer of First Solar Inc (NASDAQ:FSLR), executed a big inventory transaction, promoting 36,692 shares of the corporate. According to the SEC Filing, the shares have been bought at a value of $273.26 every, for a complete of $10,021,742.92. After this transaction, the insider now owns 81,861 shares of First Solar Inc.
First Solar Inc specializes within the manufacture of photo voltaic panels and the availability of complete photovoltaic (PV) photo voltaic programs. The firm’s revolutionary thin-film semiconductor know-how is crucial to offering sustainable photo voltaic power options worldwide.
In the previous yr, the insider has bought a complete of 84,942 shares and has not purchased any. This newest transaction is a part of a broader pattern noticed over the previous yr, the place there have been 32 insider sells and no insider buys in First Solar Inc.
The inventory of First Solar Inc, which has a market cap of $28.49 billion, is at present buying and selling at a price-earnings ratio of 27.90. This ratio is decrease than the trade median of 33.215, indicating a doubtlessly extra enticing valuation relative to its friends.
Despite the favorable price-earnings ratio, the inventory seems overvalued based mostly on a GF Value of $182.61, with a price-to-GF-Value ratio of 1.5. This evaluation means that the inventory’s present value is increased than its intrinsic worth, as estimated by GuruFocus.
GF Value is decided by contemplating historic buying and selling multiples equivalent to price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free money movement, together with a GuruFocus adjustment issue based mostly on previous returns and progress. , and future estimates of enterprise efficiency from analysts.
This insider promote occasion and the valuation metrics present crucial information factors for traders monitoring First Solar Inc’s inventory efficiency and insider actions.
This article, produced by GuruFocus, is designed to offer basic views and non-tailored monetary recommendation. Our commentary is rooted in historic information and analyst projections, utilizing an unbiased method, and isn’t meant to function particular funding steering. It doesn’t represent a suggestion to purchase or divest any inventory and doesn’t bear in mind particular person funding aims or monetary circumstances. Our objective is to ship long-term, basic data-driven evaluation. Be conscious that our evaluation might not embody the newest, price-sensitive firm bulletins or qualitative info. GuruFocus has no place within the shares mentioned right here.
This article first appeared on GuruFocus.