Caroline Stockdale, First Solar, Inc.'s Chief People and Communications Officer, sold 335 shares of the company's common stock on March 16 at $200.8 per share, a transaction that totaled $67,268, according to a Form 4 filing with the Securities and Exchange Commission. The filing notes that the sale reduced Stockdale's direct ownership in the company.
The sale occurred while First Solar's share price hovered around $200. Over the past year the stock has delivered a 51% total return, albeit with periods of volatility.
Earlier in the week, on March 13, Stockdale received 800 shares of First Solar common stock at no cost upon the vesting of restricted stock units. Those units were originally granted on March 15, 2022, and the award vests at a rate of 20% on each anniversary of the grant date.
First Solar, a company with an indicated market value of $21.5 billion in the filing, is noted on InvestingPro as trading below its Fair Value and appears on that platform's list of most undervalued stocks. InvestingPro provides a Pro Research Report for investors seeking deeper analysis.
On the results front, First Solar reported fourth-quarter 2025 earnings that missed consensus expectations by 6% and came in 5% below Deutsche Bank's estimates. Management issued revenue guidance for 2026 ranging from $4.9 billion to $5.2 billion. That guidance is 17% below Street expectations and implies a 3% year-over-year decline in revenue.
The guidance and earnings outcome prompted several analysts to reassess their views. Deutsche Bank downgraded First Solar's rating to Hold from Buy and lowered its price target to $245 from $300. GLJ Research moved its rating to Hold from Buy, citing weak 2026 guidance that fell short across revenue, volumes, and EBITDA. Guggenheim reduced its price target to $269 from $312 while retaining a Buy rating. Barclays cut its target to $228 from $279 and maintained an Overweight rating. Jefferies trimmed its price target to $205 from $260 and kept a Hold rating, stating that the company's guidance underwhelmed even in the context of already moderated expectations.
Collectively, these analyst actions and the company's guidance highlight the challenges First Solar faces in aligning near-term results with market projections. The insider transaction, vesting of restricted stock units, and the range of analyst responses together present a multifaceted snapshot of the company's current investor relations and market standing.
Contextual note: The data above is drawn from the company's regulatory filing and disclosed analyst actions; it reflects the specific transactions, reported results, and published guidance described in those documents.