Patrick James Buehler, First Solar, Inc. (NASDAQ:FSLR) Chief Product Officer, reported an open-market sale of common stock on March 16. The filing shows 180 shares sold at $200.8 per share, producing gross proceeds of $36,144.
Earlier in the week, on March 13, Buehler recorded an acquisition of 427 shares that vested as restricted stock units. Those shares were obtained at a reported acquisition price of $0, reflecting the vesting of equity awards rather than a cash purchase.
First Solar shares have traded around the $200 level recently. Over the trailing 12 months the stock has delivered approximately a 51% total return, despite episodes of volatility. InvestingPro commentary referenced in filings indicates the stock may appear undervalued at current quotations, citing a price-to-earnings ratio of 14.1 relative to near-term earnings growth projections.
The insider transaction is disclosed against a backdrop of quarterly results and guidance that prompted multiple adjustments from sell-side analysts. Deutsche Bank noted the companys fourth-quarter 2025 results missed expectations by 6%.
First Solars revenue guidance for 2026 was issued in a range of $4.9 billion to $5.2 billion. That midpoint is described as roughly 17% below what analysts had been modeling and represents an approximately 3% decline from the prior years revenue level.
Following the earnings release and the new guidance, several broker-dealer research teams revised price targets and ratings. Guggenheim trimmed its target to $269 while retaining a Buy rating. GLJ Research downgraded First Solar from Buy to Hold, specifically citing the tepid 2026 revenue outlook.
Barclays lowered its price target to $228 but kept an Overweight recommendation. Deutsche Bank moved to a Hold rating and cut its price target to $245, attributing the action to the combination of the earnings shortfall and the weaker guidance. Jefferies reduced its price target to $205 and maintained a Hold rating, noting in its report a lack of clarity on the timing of a potential recovery.
Additional informational notes in company-related services indicate that InvestingPro subscribers can access eight additional tips about First Solar and comprehensive Pro Research Reports covering more than 1,400 other U.S. equities.
Contextual note: The transactions and analyst responses above are drawn from filings and published broker reports; the filings document the exact shares, pricing and dates of the insider sale and restricted stock vesting.