The SEC filing shows Gloeckler sold the shares at an average price of $200 each, matching the market close of $199.65 on the day of the sale, and the proceeds were recorded at about $160,000.
The sale was carried out under a Rule 10b5‑1 trading plan that the executive adopted on May 4, 2026, allowing insiders to schedule sales in advance and avoid the appearance of trading on material non‑public information.
After the transaction, Gloeckler retained 5,842 shares of First Solar common stock, valued at roughly $1.1 million at the September 1 market close, representing about 0.005% of the company’s outstanding equity.
First Solar, a leading manufacturer of cadmium‑telluride photovoltaic modules, had a market capitalization of $21.5 billion at the time, with its shares trading at $193.46, down 3.83% on the day and 7.7% over the prior twelve months.
Analysts covering the stock remain broadly optimistic: of the 39 analysts surveyed, the median one‑year price target is $280, implying a potential upside of about 45% from the current price, while the highest target of $402 suggests a possible 108% gain.
Given the pre‑arranged nature of the trade and Gloeckler’s continued ownership stake, the sale is viewed as a routine portfolio adjustment rather than a signal of concern about the company’s outlook.