Hill City Capital LP Buys New Shares in First Solar, Inc. $FSLR

Hill City Capital LP bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,628,130 shares of the solar cell manufacturer’s stock, valued at approximately $620,133,555. First Solar makes up 0.0% of Hill City Capital LP’s portfolio, making the stock its 2nd largest position. Hill City Capital LP owned about 2.45% of First Solar as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in First Solar during the 2nd quarter valued at about $3,594,000. OMERS ADMINISTRATION Corp acquired a new stake in First Solar in the 2nd quarter worth $2,843,000. Sanctuary Advisors LLC bought a new position in shares of First Solar in the second quarter valued at about $1,522,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in First Solar during the 2nd quarter worth $209,000. Finally, Twin Tree Management LP acquired a new position in First Solar during the second quarter worth $1,518,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Solar

In other news, EVP Samantha L. Sloan sold 127 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president owned 2,018 shares of the company’s stock, valued at approximately $449,913.10. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael Koralewski sold 7,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the transaction, the insider directly owned 7,642 shares in the company, valued at $1,692,779.42. The trade was a 47.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,081 shares of company stock worth $3,457,086 over the last three months. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial reiterated a “hold” rating and set a $229.00 price objective (down from $249.00) on shares of First Solar in a report on Friday, July 31st. Freedom Capital raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Raymond James Financial initiated coverage on shares of First Solar in a research report on Thursday. They set a “market perform” rating on the stock. BMO Capital Markets cut shares of First Solar from a “hold” rating to a “market perform” rating in a report on Thursday. Finally, Evercore reiterated a “positive” rating and issued a $218.00 price target on shares of First Solar in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and a consensus target price of $266.27.

Key Headlines Impacting First Solar

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

• Positive Sentiment: BMO Capital Markets upgraded First Solar to “Outperform” from “Market Perform” and raised its price target to $263 from $237. The firm said the post-Section 232 tariff selloff appears overdone, implying substantial upside from recent trading levels. First Solar raised at BMO as post-Section 232 selloff looks overdone
• Positive Sentiment: Argus Research reiterated a Buy rating on FSLR. The reaffirmation provides additional support for the bullish view that First Solar’s domestic manufacturing position and long-term solar demand can outweigh near-term policy concerns. Argus Reiterates Buy Rating for First Solar
• Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s reaction to the latest solar tariff announcement, suggesting the policy could ultimately benefit U.S. manufacturers such as First Solar. Wall Street misread the solar tariffs
• Neutral Sentiment: An executive order restricting certain foreign bulk-power electrical equipment and related software could improve the competitive position of U.S.-based suppliers, but the direct financial impact on First Solar remains uncertain. Why Are ENPH, FSLR, ARRY, SEDG Stocks Rising Overnight?
• Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and lowered its price target slightly, reinforcing near-term caution. Jim Cramer: Put This Stock Away, Give It to Your Kids

First Solar Stock Performance

Shares of FSLR stock traded down $5.94 on Friday, hitting $204.16. The company had a trading volume of 918,532 shares, compared to its average volume of 2,375,918. The firm has a market cap of $21.94 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.45 and a beta of 1.75. The stock’s 50-day moving average is $224.48 and its two-hundred day moving average is $223.52. First Solar, Inc. has a twelve month low of $182.99 and a twelve month high of $320.95.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $3.18 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts predict that First Solar, Inc. will post 17.77 EPS for the current 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.