12,047 Shares in First Solar, Inc. $FSLR Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,047 shares of the solar cell manufacturer’s stock, valued at approximately $2,843,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new position in shares of First Solar in the 4th quarter valued at $26,000. Reflection Asset Management acquired a new stake in First Solar during the 4th quarter worth $26,000. Strategic Wealth Investment Group LLC acquired a new stake in First Solar during the 2nd quarter worth $26,000. Larson Financial Group LLC grew its position in First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in First Solar during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group set a $196.00 price objective on shares of First Solar in a research note on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of First Solar in a report on Monday, July 20th. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. Truist Financial reaffirmed a “hold” rating and set a $229.00 price objective (down from $249.00) on shares of First Solar in a research report on Friday, July 31st. Finally, Morgan Stanley increased their price objective on First Solar from $245.00 to $323.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $264.44.

Insider Buying and Selling

In other news, CTO Markus Gloeckler sold 829 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $248.00, for a total value of $205,592.00. Following the completion of the sale, the chief technology officer directly owned 6,642 shares of the company’s stock, valued at $1,647,216. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of First Solar stock in a transaction that occurred on 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 in the company, valued at approximately $449,913.10. This trade represents a 5.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 25,709 shares of company stock worth $6,386,163 in the last three months. Company 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: Value appeal: Zacks identifies First Solar as a top-ranked value stock, potentially supporting investor interest given its reported earnings strength and relatively low valuation metrics. First Solar Is a Top-Ranked Value Stock
• Neutral Sentiment: Short-interest data offers no actionable signal: The latest report lists short interest at zero shares and a zero-day days-to-cover ratio, unchanged from the prior period. Because the figures include an apparent calculation error (“NaN” increase), they should not be interpreted as evidence of either short covering or heightened bearish positioning.
• Negative Sentiment: Legal overhang intensifies: Multiple law firms are promoting a securities class action against First Solar and seeking investors to serve as lead plaintiff. The reported claims focus on alleged misrepresentations regarding underutilization of Series 6 module production and the costly challenges of expanding manufacturing operations in South Carolina. The allegations have not been proven, but the repeated announcements may weigh on sentiment by raising potential financial, legal and reputational risks. First Solar Investor Alert Levi and Korsinsky First Solar Lawsuit Alert

First Solar Stock Performance

FSLR stock opened at $206.82 on Wednesday. First Solar, Inc. has a one year low of $182.99 and a one year high of $320.95. The stock has a market capitalization of $22.22 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.45 and a beta of 1.75. The company has a fifty day moving average of $226.41 and a 200-day moving average of $223.78.

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

First Solar 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.