Fisher Asset Management LLC Sells 2,861 Shares of First Solar, Inc. $FSLR

Fisher Asset Management LLC decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.5% during the 4th quarter, Holdings Channel reports. The firm owned 22,078 shares of the solar cell manufacturer’s stock after selling 2,861 shares during the quarter. Fisher Asset Management LLC’s holdings in First Solar were worth $5,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FSLR. Aventura Private Wealth LLC bought a new stake in shares of First Solar during the 4th quarter valued at about $25,000. Strategic Wealth Investment Group LLC bought a new stake in shares of First Solar during the 2nd quarter valued at about $26,000. Larson Financial Group LLC boosted its position in shares of First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of First Solar during the 4th quarter valued at about $30,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of First Solar during the 3rd quarter valued at about $44,000. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FSLR shares. Needham & Company LLC upped their target price on First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group dropped their price target on First Solar from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company dropped their price target on First Solar from $285.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Argus upped their price target on First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded First Solar from a “buy” rating to a “hold” rating and dropped their price target for the stock from $300.00 to $245.00 in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $247.40.

Insider Transactions at First Solar

In other news, CFO Alexander R. Bradley sold 498 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the sale, the chief financial officer directly owned 30,712 shares of the company’s stock, valued at $6,622,428.56. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kuntal Kumar Verma sold 582 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total value of $145,500.00. Following the completion of the sale, the insider directly owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. This trade represents a 10.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 97,827 shares of company stock valued at $20,006,930. Corporate insiders own 0.39% of the company’s stock.

More First Solar News

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: First Solar broke out to a new 52-week high, which is likely attracting momentum traders and short-covering after its recent earnings-driven run. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: Investors are betting that a favorable U.S. trade-policy backdrop, including a pending Section 232 decision, could improve pricing and demand for domestically produced solar modules. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: Coverage highlighting AI-driven electricity demand is keeping First Solar in focus as a beneficiary of growing renewable power needs from data center buildouts. Solar Stocks To Watch As AI Drives Energy Demand
• Positive Sentiment: Analyst sentiment remains constructive, with recent notes pointing to a “Moderate Buy” consensus and multiple price targets still above current trading levels. First Solar, Inc. (NASDAQ:FSLR) Receives Consensus Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Recent commentary also notes that First Solar continues to benefit from Section 45X manufacturing tax credits, supporting profitability, though policy uncertainty remains part of the story. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Negative Sentiment: Insider activity has been heavily skewed toward sales over the past six months, which can weigh on sentiment even if it does not necessarily change the business outlook. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum

First Solar Stock Up 10.9%

FSLR stock opened at $303.38 on Friday. The stock’s 50 day simple moving average is $211.27 and its 200 day simple moving average is $231.14. First Solar, Inc. has a fifty-two week low of $135.50 and a fifty-two week high of $310.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The company has a market cap of $32.60 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. On average, research analysts expect that First Solar, Inc. will post 17.64 earnings per share for the current fiscal year.

First Solar Company 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.