Lbp Am Sa Acquires New Holdings in First Solar, Inc. $FSLR

Lbp Am Sa bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 49,467 shares of the solar cell manufacturer’s stock, valued at approximately $10,909,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its stake in shares of First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in First Solar in the second quarter valued at $26,000. Hantz Financial Services Inc. raised its position in First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Total Investment Management Inc. acquired a new position in First Solar during the 2nd quarter worth about $36,000. Finally, First Pacific Financial bought a new stake in shares of First Solar in the 2nd quarter valued at about $41,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at First Solar

In related news, Director Paul H. Stebbins sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the sale, the insider directly owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,912 shares of company stock valued at $12,971,349 in the last three months. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSLR. JPMorgan Chase & Co. raised their price objective on First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Daiwa Capital Markets raised their price target on shares of First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Mizuho boosted their price target on shares of First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. Bank of America decreased their price objective on shares of First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Finally, Glj Research boosted their target price on shares of First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and an average price target of $276.76.

First Solar Stock Up 0.3%

First Solar stock opened at $242.97 on Tuesday. The company has a market capitalization of $26.07 billion, a PE ratio of 18.66, a PEG ratio of 0.31 and a beta of 1.60. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $285.99. The firm’s fifty day moving average is $257.05 and its 200 day moving average is $228.40. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business posted $2.91 earnings per share. The company’s revenue for the quarter was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.