Credit Agricole S A Has $7.28 Million Stock Holdings in First Solar, Inc. $FSLR

Credit Agricole S A trimmed its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 39.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 57,584 shares of the solar cell manufacturer’s stock after selling 37,803 shares during the quarter. Credit Agricole S A owned about 0.05% of First Solar worth $7,280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of First Solar by 11.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 64,447 shares of the solar cell manufacturer’s stock valued at $8,148,000 after acquiring an additional 6,394 shares during the period. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of First Solar by 18.2% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 101,659 shares of the solar cell manufacturer’s stock valued at $12,853,000 after acquiring an additional 15,656 shares during the period. Colonial Trust Advisors bought a new stake in shares of First Solar during the 1st quarter valued at $32,000. Wellington Management Group LLP lifted its position in shares of First Solar by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer’s stock valued at $349,617,000 after acquiring an additional 405,457 shares during the period. Finally, Northern Trust Corp lifted its position in shares of First Solar by 3.7% during the 1st quarter. Northern Trust Corp now owns 1,295,310 shares of the solar cell manufacturer’s stock valued at $163,766,000 after acquiring an additional 46,758 shares during the period. 92.08% of the stock is currently owned by institutional investors.

First Solar Price Performance

Shares of FSLR stock opened at $192.00 on Friday. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. The business has a fifty day simple moving average of $174.62 and a 200 day simple moving average of $155.00. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The company has a market cap of $20.59 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.41 and a beta of 1.48.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating the consensus estimate of $2.68 by $0.50. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FSLR. Susquehanna upped their target price on First Solar from $203.00 to $222.00 and gave the company a “positive” rating in a research report on Friday, August 1st. The Goldman Sachs Group upped their target price on First Solar from $204.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 19th. TD Cowen upped their price objective on First Solar from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. UBS Group restated a “buy” rating and set a $275.00 price objective (up from $255.00) on shares of First Solar in a research report on Tuesday, August 5th. Finally, Bank of America upped their price objective on First Solar from $185.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $222.44.

Insider Transactions at First Solar

In other First Solar news, CEO Mark R. Widmar sold 23,912 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $185.47, for a total value of $4,434,958.64. Following the completion of the transaction, the chief executive officer directly owned 87,978 shares in the company, valued at approximately $16,317,279.66. This trade represents a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Markus Gloeckler sold 9,557 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $155.05, for a total value of $1,481,812.85. Following the completion of the transaction, the chief technology officer owned 8,037 shares of the company’s stock, valued at $1,246,136.85. This represents a 54.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,691 shares of company stock valued at $8,248,477. 0.48% of the stock is currently owned by corporate insiders.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.