2,605 Shares in First Solar, Inc. $FSLR Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,605 shares of the solar cell manufacturer’s stock, valued at approximately $431,000.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of First Solar by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock worth $1,668,919,000 after purchasing an additional 378,641 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 worth $349,617,000 after buying an additional 405,457 shares in the last quarter. Invesco Ltd. raised its holdings in shares of First Solar by 32.3% during the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock valued at $306,909,000 after acquiring an additional 592,444 shares during the last quarter. Samlyn Capital LLC lifted its position in shares of First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock valued at $220,215,000 after acquiring an additional 103,403 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of First Solar by 20.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer’s stock worth $220,118,000 after acquiring an additional 290,112 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Susquehanna increased their price objective on First Solar from $273.00 to $285.00 in a research note on Friday, October 31st. Robert W. Baird increased their target price on shares of First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Wolfe Research raised their price target on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st. UBS Group upped their price objective on shares of First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, DZ Bank lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $269.79.

First Solar Price Performance

NASDAQ:FSLR opened at $253.08 on Friday. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $281.55. The stock’s fifty day moving average is $232.81 and its two-hundred day moving average is $192.69. The company has a market capitalization of $27.16 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.46 and a beta of 1.51. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The firm’s revenue for the quarter was up 79.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

Insider Activity

In related news, insider Georges Antoun sold 37,412 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the sale, the director directly owned 15,287 shares in the company, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,912 shares of company stock valued at $12,971,349. Company insiders own 0.48% of the company’s stock.

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.