Vectors Research Management LLC Has $3.55 Million Holdings in First Solar, Inc. $FSLR

Vectors Research Management LLC lifted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,075 shares of the solar cell manufacturer’s stock after purchasing an additional 2,146 shares during the quarter. First Solar accounts for approximately 1.1% of Vectors Research Management LLC’s investment portfolio, making the stock its 24th biggest holding. Vectors Research Management LLC’s holdings in First Solar were worth $3,545,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in shares of First Solar by 126.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the second quarter worth about $26,000. Hantz Financial Services Inc. boosted its position in First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Total Investment Management Inc. bought a new position in First Solar in the second quarter valued at approximately $36,000. Finally, First Pacific Financial bought a new position in First Solar in the second quarter valued at approximately $41,000. Institutional investors own 92.08% of the company’s stock.

Insider Transactions at First Solar

In related news, Director Paul H. Stebbins sold 7,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This trade represents a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This trade represents a 24.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 48,912 shares of company stock valued at $12,971,349. 0.48% of the stock is currently owned by corporate insiders.

First Solar Stock Performance

NASDAQ FSLR opened at $243.73 on Friday. The firm has a 50-day moving average of $259.32 and a 200-day moving average of $224.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The stock has a market cap of $26.15 billion, a PE ratio of 18.72, a P/E/G ratio of 0.30 and a beta of 1.60. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $285.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. The firm’s quarterly revenue was up 79.7% on a year-over-year basis. During the same quarter last year, the company posted $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSLR. Evercore ISI increased their price objective on First Solar from $240.90 to $241.00 in a report on Friday, October 31st. Mizuho increased their price target on shares of First Solar from $278.00 to $335.00 in a research note on Friday, October 31st. Wolfe Research lifted their price objective on shares of First Solar from $232.00 to $247.00 in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on shares of First Solar from $201.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Raymond James Financial started coverage on First Solar in a report on Monday. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $276.84.

About First Solar

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.