Edgemoor Investment Advisors Inc. Buys 2,287 Shares of First Solar, Inc. $FSLR

Edgemoor Investment Advisors Inc. lifted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,807 shares of the solar cell manufacturer’s stock after acquiring an additional 2,287 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in First Solar were worth $2,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSLR. Woodline Partners LP boosted 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 purchasing an additional 2,615 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of First Solar by 50.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after purchasing an additional 174 shares during the period. Brown Advisory Inc. lifted its holdings in shares of First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of First Solar in the second quarter valued at about $494,000. Finally, AXA S.A. boosted its position in shares of First Solar by 6.3% during the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock worth $3,122,000 after buying an additional 1,115 shares during the period. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Alexander R. Bradley sold 14,106 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $199.97, for a total transaction of $2,820,776.82. Following the transaction, the chief financial officer directly owned 30,000 shares in the company, valued at approximately $5,999,100. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 9,926 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $233.21, for a total transaction of $2,314,842.46. Following the sale, the chief executive officer directly owned 95,148 shares in the company, valued at $22,189,465.08. This trade represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,827 shares of company stock valued at $20,006,930 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FSLR shares. Freedom Capital raised First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Argus upped their price target on First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of First Solar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. 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, Jefferies Financial Group cut their price objective on shares of First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $247.40.

Key Headlines Impacting First Solar

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

• Positive Sentiment: GLJ Research upgraded First Solar to Buy from Hold and raised its price target, giving traders a fresh catalyst and helping fuel the latest jump in shares. First Solar (FSLR) Shares Skyrocket, What You Need To Know
• Positive Sentiment: Investor interest is being boosted by expectations for potential U.S. trade-policy developments, including a possible Section 232 backdrop that could support domestically produced solar modules and improve pricing power for First Solar. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: The stock is also benefiting from post-earnings momentum, a breakout to fresh highs, and broader enthusiasm for solar names tied to rising AI data-center electricity demand. Solar Stocks To Watch As AI Drives Energy Demand
• Neutral Sentiment: Multiple recent articles note that First Solar is breaking out and attracting momentum traders, which can amplify moves as investors chase strength. Stock Market Today: Indexes Rise On U.S.-Iran Deal Hopes; Snowflake Surges, First Solar Breaks Out (Live Coverage)
• Neutral Sentiment: Analyst coverage remains supportive overall, with a recent consensus rating of “Moderate Buy,” reinforcing a constructive longer-term view. First Solar, Inc. Receives Consensus Rating of “Moderate Buy” from Analysts
• Negative Sentiment: Despite the rally, insider activity has shown heavy selling over the past six months, which may temper enthusiasm for some investors. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum

First Solar Stock Performance

FSLR opened at $306.79 on Friday. The business’s 50-day simple moving average is $213.45 and its 200 day simple moving average is $231.67. First Solar, Inc. has a 52-week low of $135.50 and a 52-week high of $313.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The firm has a market capitalization of $32.96 billion, a PE ratio of 19.82, a PEG ratio of 0.67 and a beta of 1.57.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. As a group, sell-side analysts expect that First Solar, Inc. will post 17.64 earnings per share 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.