Fisher Asset Management LLC Has $5.77 Million Stock Position in First Solar, Inc. $FSLR

Fisher Asset Management LLC lowered its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,078 shares of the solar cell manufacturer’s stock after selling 2,861 shares during the period. Fisher Asset Management LLC’s holdings in First Solar were worth $5,768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of First Solar by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock worth $3,026,108,000 after buying an additional 464,130 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of First Solar by 60.6% during the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after buying an additional 854,919 shares in the last quarter. Amundi raised its holdings in shares of First Solar by 38.6% during the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock worth $459,917,000 after buying an additional 564,032 shares in the last quarter. Northern Trust Corp raised its holdings in shares of First Solar by 2.6% during the 3rd quarter. Northern Trust Corp now owns 1,349,531 shares of the solar cell manufacturer’s stock worth $297,612,000 after buying an additional 34,313 shares in the last quarter. Finally, Clean Energy Transition LLP raised its holdings in shares of First Solar by 48.2% during the 3rd quarter. Clean Energy Transition LLP now owns 1,117,228 shares of the solar cell manufacturer’s stock worth $246,382,000 after buying an additional 363,274 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Transactions at First Solar

In other First Solar news, insider Georges Antoun sold 566 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $122,046.58. Following the sale, the insider owned 19,918 shares in the company, valued at approximately $4,294,918.34. The trade was a 2.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kuntal Kumar Verma sold 582 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $250.00, for a total value of $145,500.00. Following the completion of the sale, the insider owned 4,967 shares in the company, valued at $1,241,750. This trade represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 97,827 shares of company stock worth $20,006,930. 0.39% of the stock is currently owned by insiders.

First Solar Trading Up 10.9%

NASDAQ FSLR opened at $303.38 on Friday. The business’s 50-day moving average price is $211.27 and its two-hundred day moving average price is $231.14. First Solar, Inc. has a 12 month low of $135.50 and a 12 month high of $310.42. The firm has a market capitalization of $32.60 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. 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 quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The business’s revenue was up 23.6% on a year-over-year basis. On average, analysts expect that First Solar, Inc. will post 17.64 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets reduced their price objective on First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Zacks Research upgraded First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Guggenheim boosted their price objective on First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reduced their price objective on First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Finally, HSBC boosted their price objective on First Solar from $211.00 to $231.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and a consensus target price of $247.40.

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.