4,287 Shares in First Solar, Inc. $FSLR Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new position in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,287 shares of the solar cell manufacturer’s stock, valued at approximately $1,012,000.

Other large investors have also bought and sold shares of the company. Woodline Partners LP grew its holdings in shares of First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after purchasing an additional 2,615 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 174 shares during the last quarter. Brown Advisory Inc. raised its holdings in First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after buying an additional 2,072 shares during the last quarter. Cerity Partners LLC purchased a new stake in First Solar during the 2nd quarter valued at $494,000. Finally, AXA S.A. boosted its position in First Solar by 6.3% during the 2nd quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock valued at $3,122,000 after buying an additional 1,115 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FSLR. Susquehanna boosted their price objective on shares of First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, July 10th. Sanford C. Bernstein dropped their target price on shares of First Solar from $217.00 to $197.00 and set an “underperform” rating for the company in a report on Friday, July 31st. Truist Financial reissued a “hold” rating and issued a $229.00 target price (down from $249.00) on shares of First Solar in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded First Solar from a “hold” rating to a “buy” rating and boosted their price target for the company from $245.00 to $272.00 in a report on Monday, July 6th. Finally, Roth Capital reaffirmed a “buy” rating and set a $300.00 price target on shares of First Solar in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.44.

Trending Headlines about First Solar

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

• Positive Sentiment: Value appeal: Zacks identifies First Solar as a top-ranked value stock, potentially supporting investor interest given its reported earnings strength and relatively low valuation metrics. First Solar Is a Top-Ranked Value Stock
• Neutral Sentiment: Short-interest data offers no actionable signal: The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, unchanged from the prior period. Because the figures include an apparent calculation error (“NaN” increase), they should not be interpreted as evidence of either short covering or heightened bearish positioning.
• Negative Sentiment: Legal overhang intensifies: Multiple law firms are promoting a securities class action against First Solar and seeking investors to serve as lead plaintiff. The reported claims focus on alleged misrepresentations regarding underutilization of Series 6 module production and the costly challenges of expanding manufacturing operations in South Carolina. The allegations have not been proven, but the repeated announcements may weigh on sentiment by raising potential financial, legal and reputational risks. First Solar Investor Alert Levi and Korsinsky First Solar Lawsuit Alert

Insider Buying and Selling

In other First Solar news, insider Caroline Stockdale sold 10,628 shares of First Solar stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares of the company’s stock, valued at approximately $6,557,075.20. The trade was a 30.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the transaction, the executive vice president owned 2,018 shares in the company, valued at $449,913.10. This trade represents a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 25,709 shares of company stock valued at $6,386,163 over the last quarter. 0.39% of the stock is currently owned by insiders.

First Solar Trading Down 0.7%

Shares of First Solar stock opened at $206.82 on Wednesday. The company’s fifty day simple moving average is $226.41 and its two-hundred day simple moving average is $223.78. The company has a market cap of $22.22 billion, a P/E ratio of 12.75, a PEG ratio of 0.45 and a beta of 1.75. First Solar, Inc. has a 12-month low of $182.99 and a 12-month high of $320.95.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 EPS for the quarter, topping the consensus estimate of $2.90 by $1.02. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $3.18 EPS. Analysts predict that First Solar, Inc. will post 17.77 EPS for the current fiscal year.

About First Solar

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.