Venture Visionary Partners LLC Grows Stake in First Solar, Inc. $FSLR

Venture Visionary Partners LLC lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 40,867 shares of the solar cell manufacturer’s stock after buying an additional 2,024 shares during the period. Venture Visionary Partners LLC’s holdings in First Solar were worth $11,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP increased its stake in First Solar by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after acquiring an additional 2,615 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of First Solar by 50.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after acquiring an additional 174 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of First Solar by 84.3% during the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock worth $750,000 after purchasing an additional 2,072 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of First Solar during the second quarter worth about $494,000. Finally, AXA S.A. increased its position in shares of First Solar by 6.3% in the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock worth $3,122,000 after purchasing an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar News Roundup

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

First Solar Stock Performance

NASDAQ:FSLR opened at $267.31 on Monday. The company has a market capitalization of $28.72 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.59 and a beta of 1.71. The business has a 50 day moving average of $231.95 and a 200 day moving average of $233.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. First Solar, Inc. has a 1-year low of $135.50 and a 1-year high of $320.95.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the business earned $1.95 earnings per share. On average, sell-side analysts predict that First Solar, Inc. will post 17.61 earnings per share for the current fiscal year.

Insider Activity at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This trade represents a 30.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 9,022 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the completion of the sale, the general counsel directly owned 9,850 shares of the company’s stock, valued at $1,966,257. This represents a 47.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,870 shares of company stock worth $12,690,924 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FSLR. Citigroup lowered their target price on shares of First Solar from $300.00 to $243.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. DZ Bank raised shares of First Solar to a “strong sell” rating in a research note on Thursday, February 26th. HSBC increased their price target on shares of First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on shares of First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Finally, Glj Research lowered shares of First Solar from a “buy” rating to a “hold” rating and cut their target price for the stock from $314.43 to $207.82 in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.99.

First Solar 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.