Jason E. Dymbort, who serves as General Counsel and Secretary of First Solar, Inc. (NASDAQ:FSLR), completed two separate sales of common stock on March 16 and March 17, 2026, disposing of a combined 9,380 shares for approximately $1.8 million, according to a Form 4 filing with the Securities and Exchange Commission.
The Form 4 shows that on March 16 Dymbort sold 358 shares at $200.80 per share, producing proceeds of $71,886. On March 17 he sold 9,022 shares at a weighted average price of $199.62, with trade prices recorded in the range of $199.53 to $200.00, for aggregate proceeds of roughly $1,799,000. The two transactions together represent an execution range from $199.53 to $200.80 per share and total about $1.8 million.
The filing also records that on March 13 Dymbort acquired 854 shares upon the vesting of restricted stock units, at no cost. After accounting for the March sales and the recent vesting, the filing lists Dymbort as directly owning 9,850 shares of First Solar common stock.
These insider moves come while First Solar is trading at a reported price-to-earnings ratio of 14.1 and a PEG ratio of 0.77, measures cited in available data that suggest a lower valuation relative to near-term earnings growth. Over the past year the stock has returned 50.66%, and a Fair Value analysis from InvestingPro indicates the shares currently appear undervalued.
Corporate results and forward guidance have been focal points for market participants in recent weeks. First Solar released its fourth-quarter 2025 results, prompting a series of analyst reactions and adjustments to price targets and ratings.
Guggenheim revised its price target for First Solar to $269 from $312 while retaining a Buy rating. Meanwhile, GLJ Research downgraded the stock to Hold from Buy, citing a substantial shortfall in revenue, volumes, and EBITDA relative to expectations. Deutsche Bank also lowered its view to Hold from Buy, cutting its price target to $245 from $300 and noting that fourth-quarter earnings missed consensus by 6% and that 2026 revenue guidance came in 17% below Street expectations.
Other firms adjusted their positions as well. Barclays trimmed its price target to $228 from $279 but maintained an Overweight rating, signaling ongoing confidence despite valuation concerns. Jefferies reduced its price target to $205 from $260, kept a Hold rating, and pointed to weak guidance and limited clarity on recovery timelines.
Taken together, the insider sale and the sequence of analyst moves provide contemporaneous data points about executive liquidity and market reassessments following First Solar's quarterly report and 2026 guidance. The Form 4 filing documents the transactions and resulting ownership position of the company officer, while the analyst commentary highlights the market reaction to reported results and forward projections.
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