We recently published a list of 10 Stocks Insiders Are Selling In March. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other stocks Insiders are selling in March.

Wall Street experienced a challenging week, marked by turbulence as the broader market entered a correction, declining 10.1% from its record high in February. All three major indexes dropped between 2.3% and 3.1% over the week. However, Friday brought a little more optimism among investors as all three major indexes closed a bit higher. Blue-chip stocks closed 1.65% higher, the broader market index gained 2.13% and the NASDAQ Composite closed Friday session 2.61% higher.

This week continues to keep investors on their toes as the U.S. retail sales report, scheduled for release on Monday, will provide insights into consumer spending. According to Yahoo Finance, some experts believe investors will closely examine the report for signs of an economic slowdown. Experts polled by Dow Jones expect retail sales to have increased by 0.6% last month.

Investors are also closely watching for another significant update this week: the Federal Reserve’s decision on interest rates. Since September, the Fed has cut interest rates three times and still, the broader market entered a correction.

Examining recent insider trades can offer valuable insights, as executives often have a deeper understanding of their companies. For instance, when a CEO or CFO buys company stock, it may signal strong confidence in the business’s future.

However, insider selling doesn’t necessarily reflect a lack of confidence; it could be due to personal financial needs or a desire to diversify investments. These transactions are often executed through pre-arranged plans, like 10b5-1 plans, to avoid any appearance of improper timing. While insider activity can be informative, it’s important to consider it alongside the company’s financial health, market trends, and industry developments.

Our Methodology

To identify the 10 stocks insiders are selling in March we used Insider Monkey’s insider trading stock screener and looked for stocks where at least three insiders sold shares this month. With each stock, we note the number of insiders who recently sold shares and the company’s market capitalization.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

First Solar, Inc. (NASDAQ:FSLR)

Number of Insiders Selling: 10

Market Capitalization: $14.19 billion

In the middle of this list of 10 stocks insiders are selling in March, is solar technology company, First Solar, Inc. (NASDAQ:FSLR). The Tempe, Arizona-based company provides photovoltaic (PV) solar energy solutions globally, including the U.S., France, India, and Chile. It produces and sells thin-film cadmium telluride (CdTe) solar modules, offering a lower-carbon alternative to traditional crystalline silicon panels by converting sunlight into electricity.

For the full year 2024, First Solar (NASDAQ:FSLR) disclosed net sales of $4.21 billion, which compares to $3.32 billion in 2023. Net income amounted to $1.29 billion, compared to $830.77 million in the previous year. For 2025, the company projects revenue in the range of $5.3 to $5.8 billion.

“In 2024, we continued building the foundations required for our long-term growth strategy,” stated Mark Widmar, chief executive officer, First Solar. “Even as we maintained a highly selective approach to bookings, we expanded manufacturing capacity by commissioning our Alabama facility and progressed construction of our new Louisiana facility, established the infrastructure we anticipate will accelerate innovation with a new R&D center in Ohio, and produced and shipped a historic volume of modules.”

In March, 10 insiders, including the company’s CEO, and CSO, sold a total of $474,002 worth of First Solar shares at an average price of $132.96 per share. Since the beginning of the year, the stock declined 24.81% and currently trades at $132.51. Over the past 12 months, First Solar shares dropped 11.35%.

The consensus rating from 24 Wall Street analysts on First Solar stock is “Strong Buy” with a price target of $252.52. The average price target suggests a 90.57% upside from the latest price.

First Solar (NASDAQ:FSLR) is also among the 13 most undervalued NASDAQ stocks to buy according to hedge funds.

Overall, FSLR ranks 5th on our list of stocks Insiders are selling in March. While we acknowledge the potential of FSLR, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.