First Solar, Inc. $FSLR Shares Purchased by Allstate Corp

Allstate Corp lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 105.1% in the fourth quarter, Holdings Channel reports. The firm owned 7,581 shares of the solar cell manufacturer’s stock after acquiring an additional 3,884 shares during the period. Allstate Corp’s holdings in First Solar were worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aventura Private Wealth LLC purchased a new position in First Solar during the 4th quarter worth $25,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of First Solar in the second quarter valued at about $26,000. Larson Financial Group LLC raised its holdings in First Solar by 117.0% during the fourth 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. Elyxium Wealth LLC acquired a new position in First Solar during the fourth quarter worth $30,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in First Solar during the third quarter worth $44,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Alexander R. Bradley sold 14,106 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.97, for a total transaction of $2,820,776.82. Following the completion of the transaction, the chief financial officer owned 30,000 shares of the company’s stock, valued at approximately $5,999,100. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kuntal Kumar Verma sold 3,426 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $195.93, for a total value of $671,256.18. Following the sale, the insider owned 8,334 shares of the company’s stock, valued at $1,632,880.62. This represents a 29.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,827 shares of company stock valued at $20,006,930 in the last ninety days. 0.39% of the stock is owned by company insiders.

Key First Solar News

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

• Positive Sentiment: First Solar broke out to a new 52-week high, which is likely attracting momentum traders and short-covering after its recent earnings-driven run. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: Investors are betting that a favorable U.S. trade-policy backdrop, including a pending Section 232 decision, could improve pricing and demand for domestically produced solar modules. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: Coverage highlighting AI-driven electricity demand is keeping First Solar in focus as a beneficiary of growing renewable power needs from data center buildouts. Solar Stocks To Watch As AI Drives Energy Demand
• Positive Sentiment: Analyst sentiment remains constructive, with recent notes pointing to a “Moderate Buy” consensus and multiple price targets still above current trading levels. First Solar, Inc. (NASDAQ:FSLR) Receives Consensus Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Recent commentary also notes that First Solar continues to benefit from Section 45X manufacturing tax credits, supporting profitability, though policy uncertainty remains part of the story. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Negative Sentiment: Insider activity has been heavily skewed toward sales over the past six months, which can weigh on sentiment even if it does not necessarily change the business outlook. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum

Analyst Ratings Changes

Several equities analysts recently issued reports on FSLR shares. Wolfe Research cut First Solar from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Robert W. Baird restated a “neutral” rating and set a $205.00 target price (down from $264.00) on shares of First Solar in a research report on Wednesday, February 25th. Susquehanna cut their target price on shares of First Solar from $280.00 to $250.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group cut their price target on First Solar from $205.00 to $187.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft cut First Solar from a “buy” rating to a “hold” rating and cut their price target for the stock from $300.00 to $245.00 in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.40.

First Solar Stock Performance

First Solar stock opened at $303.38 on Friday. The firm has a market capitalization of $32.60 billion, a P/E ratio of 19.60, a PEG ratio of 0.60 and a beta of 1.57. The stock has a fifty day moving average price of $211.27 and a 200 day moving average price of $231.14. First Solar, Inc. has a 52 week low of $135.50 and a 52 week high of $310.42. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. Equities research analysts anticipate that First Solar, Inc. will post 17.64 earnings per share for the current 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.