Triglav Investments D.O.O. Sells 10,200 Shares of First Solar, Inc. $FSLR

Triglav Investments D.O.O. lowered its holdings in First Solar, Inc. (NASDAQ:FSLR) by 25.3% in the fourth quarter, Holdings Channel reports. The firm owned 30,135 shares of the solar cell manufacturer’s stock after selling 10,200 shares during the quarter. Triglav Investments D.O.O.’s holdings in First Solar were worth $7,871,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FSLR. Viking Global Investors LP grew its position in First Solar by 60.6% in the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares in the last quarter. Lightrock Netherlands B.V. grew its position in First Solar by 2,663.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 666,307 shares of the solar cell manufacturer’s stock valued at $174,059,000 after purchasing an additional 642,199 shares in the last quarter. Amundi grew its position in First Solar by 38.6% in the third quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after purchasing an additional 564,032 shares in the last quarter. Vanguard Group Inc. grew its position in First Solar by 3.5% in the third quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock valued at $3,026,108,000 after purchasing an additional 464,130 shares in the last quarter. Finally, Atreides Management LP bought a new position in First Solar in the second quarter valued at $65,134,000. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on FSLR shares. Wells Fargo & Company decreased their target price on shares of First Solar from $285.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Wolfe Research downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC lifted their price objective on shares of First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $250.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Finally, Argus lifted their price objective on shares of First Solar from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $247.40.

First Solar Price Performance

Shares of First Solar stock opened at $306.79 on Friday. First Solar, Inc. has a twelve month low of $135.50 and a twelve month high of $313.75. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $213.45 and a two-hundred day simple moving average of $231.67. The stock has a market capitalization of $32.96 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.57.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.35. The business had revenue of $1.04 billion during 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 revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 EPS. Analysts forecast that First Solar, Inc. will post 17.64 EPS for the current year.

Trending Headlines about 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

Insider Buying and Selling

In other news, General Counsel Jason E. Dymbort sold 9,022 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.62, for a total value of $1,800,971.64. Following the completion of the transaction, the general counsel directly owned 9,850 shares in the company, valued at approximately $1,966,257. The trade was a 47.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Markus Gloeckler sold 3,640 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $196.95, for a total transaction of $716,898.00. Following the completion of the transaction, the chief technology officer owned 8,037 shares of the company’s stock, valued at $1,582,887.15. The trade was a 31.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 97,827 shares of company stock worth $20,006,930. 0.39% of the stock is owned by company insiders.

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.