First Solar, Inc. (NASDAQ:FSLR) Receives $269.79 Consensus Price Target from Brokerages

First Solar, Inc. (NASDAQ:FSLR) has been assigned an average recommendation of “Moderate Buy” from the thirty-five research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $270.7296.

A number of research firms recently weighed in on FSLR. Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a report on Monday. Royal Bank Of Canada boosted their target price on shares of First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. BMO Capital Markets lifted their price target on First Solar from $273.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley set a $275.00 price target on First Solar in a report on Friday, October 31st. Finally, Citigroup upped their target price on First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th.

Insider Activity

In other First Solar news, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction dated 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 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 available at this hyperlink. Also, Director Paul H. Stebbins sold 7,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the sale, the director owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in First Solar by 10.9% in the first quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer’s stock worth $3,216,000 after purchasing an additional 2,510 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of First Solar in the 1st quarter worth approximately $469,000. Harbour Investments Inc. raised its stake in shares of First Solar by 9.5% during the 1st quarter. Harbour Investments Inc. now owns 1,375 shares of the solar cell manufacturer’s stock worth $174,000 after acquiring an additional 119 shares in the last quarter. Moors & Cabot Inc. lifted its position in First Solar by 17.3% during the first quarter. Moors & Cabot Inc. now owns 1,675 shares of the solar cell manufacturer’s stock valued at $212,000 after acquiring an additional 247 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its stake in First Solar by 549.1% in the first quarter. New Age Alpha Advisors LLC now owns 19,647 shares of the solar cell manufacturer’s stock valued at $2,484,000 after acquiring an additional 16,620 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Trading Up 3.5%

First Solar stock opened at $262.23 on Thursday. First Solar has a 12-month low of $116.56 and a 12-month high of $281.55. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 0.50 and a beta of 1.59. The firm has a 50 day moving average of $249.48 and a 200 day moving average of $206.00. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company earned $2.91 earnings per share. The business’s revenue for the quarter was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, research analysts predict that First Solar will post 13.05 earnings per share for the current year.

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.