On August 13, 2024, Patrick Buehler, Chief Product Officer of First Solar Inc (NASDAQ:FSLR), sold 8,619 shares of the company’s stock at a price of $222 per share. This transaction was documented in a recent SEC filing. Following this sale, the insider now owns 3,468 shares of First Solar Inc.
First Solar Inc. specializes in the manufacturing of solar modules and the deployment of large-scale photovoltaic power plants. The company is a global leader in the solar energy industry with a focus on sustainable and environmentally friendly energy solutions.
Over the past year, Patrick Buehler has sold a total of 8,619 shares and purchased no shares of the company. This latest transaction follows a trend observed over the past year, when there were 29 insider sales and no insider purchases at First Solar Inc.
First Solar Inc. shares were trading at $222 on the day of the transaction, giving the company a market capitalization of approximately $24.14 billion. The company’s price-to-earnings ratio is 20.14, which is below the industry average of 28.91.
According to GF Value, First Solar Inc.’s intrinsic value is estimated at $200.32 per share, making the stock slightly overvalued with a price-to-value ratio of 1.11.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation adjustments.
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