10 Stocks Insiders Are Selling In March

5. 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. 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 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 is also among the 13 most undervalued NASDAQ stocks to buy according to hedge funds.