First Solar Inc’s recent filing unveils that its Chief Executive Officer Widmar Mark R unloaded Company’s shares for reported $3.04 million on Feb 28 ’25. In the deal valued at $141.09 per share,21,542 shares were sold. As a result of this transaction, Widmar Mark R now holds 103,403 shares worth roughly $13.57 million.
Then, Verma Kuntal Kumar sold 7,475 shares, generating $1,021,086 in total proceeds. Upon selling the shares at $136.60, the Chief Manufacturing Officer now owns 3,549 shares.
Before that, Verma Kuntal Kumar bought 7,475 shares. First Solar Inc shares valued at $1,054,648 were divested by the Officer at a price of $141.09 per share.
Redburn Atlantic initiated its First Solar Inc [FSLR] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “an Outperform”. Seaport Research Partners also remained covering FSLR and has increased its forecast on January 16, 2025 with a “Buy” recommendation from previously “Neutral” rating. Seaport Research Partners started covering the stock on November 05, 2024. It rated FSLR as “a Neutral”.
Price Performance Review of FSLR
On Tuesday, First Solar Inc [NASDAQ:FSLR] saw its stock jump 2.82% to $131.23. Over the last five days, the stock has lost -11.01%. First Solar Inc shares have fallen nearly -25.54% since the year began. Nevertheless, the stocks have fallen -14.72% over the past one year. While a 52-week high of $306.77 was reached on 01/07/25, a 52-week low of $126.54 was recorded on 03/04/25. SMA at 50 days reached $170.28, while 200 days put it at $209.92.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 125.57, which if violated will result in even more drops to 119.90. On the upside, there is a resistance level at 136.29. A further resistance level may holdings at 141.34. The Relative Strength Index (RSI) on the 14-day chart is 29.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.29%. Stochastics %K at 7.46% indicates the stock is a buying.
