Demars Financial Group LLC Sells 2,726 Shares of First Solar, Inc. $FSLR

Demars Financial Group LLC cut its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 41.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,814 shares of the solar cell manufacturer’s stock after selling 2,726 shares during the quarter. Demars Financial Group LLC’s holdings in First Solar were worth $841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of First Solar in the 3rd quarter worth about $54,000. Arkadios Wealth Advisors bought a new stake in shares of First Solar during the 3rd quarter valued at about $281,000. Verdence Capital Advisors LLC acquired a new stake in First Solar during the third quarter worth approximately $1,519,000. Courier Capital LLC increased its holdings in First Solar by 11.4% in the third quarter. Courier Capital LLC now owns 11,164 shares of the solar cell manufacturer’s stock worth $2,462,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Allstate Corp acquired a new position in First Solar in the third quarter valued at approximately $815,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

FSLR stock opened at $242.11 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The business has a 50-day simple moving average of $258.30 and a two-hundred day simple moving average of $226.32. The company has a market capitalization of $25.98 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $285.99.

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

Insider Activity at First Solar

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of the 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 completion of the sale, the director owned 13,662 shares in the company, valued at approximately $3,703,904.82. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares in the company, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,912 shares of company stock valued at $12,971,349 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FSLR. Glj Research raised their price objective on shares of First Solar from $214.06 to $314.43 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Cowen restated a “buy” rating on shares of First Solar in a report on Friday, October 31st. Robert W. Baird upped their price objective on shares of First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Wells Fargo & Company raised their target price on First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of First Solar in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.34.

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.