Osaic Holdings Inc. Grows Stock Holdings in First Solar, Inc. $FSLR

Osaic Holdings Inc. lifted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 200.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,171 shares of the solar cell manufacturer’s stock after acquiring an additional 22,116 shares during the quarter. Osaic Holdings Inc.’s holdings in First Solar were worth $5,486,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Harvest Portfolios Group Inc. grew its stake in First Solar by 3.9% in the first quarter. Harvest Portfolios Group Inc. now owns 1,658 shares of the solar cell manufacturer’s stock worth $210,000 after purchasing an additional 63 shares in the last quarter. Harrington Investments INC grew its position in shares of First Solar by 0.5% during the 2nd quarter. Harrington Investments INC now owns 13,278 shares of the solar cell manufacturer’s stock worth $2,198,000 after buying an additional 65 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of First Solar by 13.4% during the second quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock valued at $92,000 after buying an additional 66 shares during the period. Energy Income Partners LLC raised its holdings in shares of First Solar by 0.8% in the first quarter. Energy Income Partners LLC now owns 9,257 shares of the solar cell manufacturer’s stock valued at $1,170,000 after acquiring an additional 72 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in First Solar by 69.4% in the second 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 period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of FSLR opened at $284.59 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a market cap of $30.54 billion, a PE ratio of 21.86, a P/E/G ratio of 0.52 and a beta of 1.59. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99. The stock has a fifty day moving average price of $254.92 and a 200-day moving average price of $212.32.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on FSLR shares. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays reissued an “overweight” rating and set a $279.00 price objective on shares of First Solar in a report on Monday, November 3rd. Royal Bank Of Canada upped their target price on First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 15th. Finally, Wells Fargo & Company upped their price objective on First Solar from $270.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average price target of $271.27.

Insider Buying and Selling

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

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.