3,700 Shares in First Solar, Inc. $FSLR Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, HoldingsChannel reports. The fund purchased 3,700 shares of the solar cell manufacturer’s stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FSLR. Wealth Preservation Advisors LLC bought a new position in shares of First Solar in the first quarter worth approximately $25,000. TD Private Client Wealth LLC grew its stake in First Solar by 126.9% in 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 in the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of First Solar in the 2nd quarter worth $26,000. Harbor Investment Advisory LLC raised its position in shares of First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of First Solar stock opened at $266.98 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. First Solar, Inc. has a one year low of $116.56 and a one year high of $281.55. The business’s 50 day simple moving average is $253.75 and its two-hundred day simple moving average is $210.75. The stock has a market capitalization of $28.65 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data 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 net margin of 27.73% and a return on equity of 16.61%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted $2.91 EPS. 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. Analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

Insider Buying and Selling at First Solar

In related news, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the sale, the insider directly owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the transaction, the director owned 13,662 shares in the company, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 48,912 shares of company stock worth $12,971,349. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Seaport Global Securities increased their target price on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. UBS Group increased their price objective on First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Roth Capital set a $300.00 price objective on First Solar in a report on Friday, October 31st. Jefferies Financial Group set a $269.00 target price on First Solar and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of First Solar in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.27.

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.