First Solar Inc’s recent filing unveils that its Chief Technology Officer Gloeckler Markus unloaded Company’s shares for reported $0.71 million on Oct 31 ’24. In the deal valued at $198.52 per share,3,601 shares were sold. As a result of this transaction, Gloeckler Markus now holds 8,935 shares worth roughly $1.32 million.
Then, Gloeckler Markus bought 3,601 shares, generating $714,871 in total proceeds.
Before that, Buehler Patrick James sold 8,619 shares. First Solar Inc shares valued at $1,913,418 were divested by the Chief Product Officer at a price of $222.00 per share. As a result of the transaction, Buehler Patrick James now holds 3,468 shares, worth roughly $0.51 million.
Mizuho upgraded its First Solar Inc [FSLR] rating to an Outperform from a a Neutral in a research note published on February 11, 2025; the price target was increased to $259 from $218. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Seaport Research Partners began covering FSLR with “Neutral” recommendation on November 05, 2024. Janney revised its rating on October 29, 2024. It rated FSLR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FSLR
On Tuesday, First Solar Inc [NASDAQ:FSLR] saw its stock fall -3.56% to $147.46. Over the last five days, the stock has lost -9.46%. First Solar Inc shares have fallen nearly -16.33% since the year began. Nevertheless, the stocks have risen 1.89% over the past one year. While a 52-week high of $306.77 was reached on 01/07/25, a 52-week low of $141.76 was recorded on 02/25/25. SMA at 50 days reached $175.94, while 200 days put it at $211.21.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 144.88, which if violated will result in even more drops to 142.29. On the upside, there is a resistance level at 151.36. A further resistance level may holdings at 155.25. The Relative Strength Index (RSI) on the 14-day chart is 29.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.99%. Stochastics %K at 8.30% indicates the stock is a buying.
