Banque Transatlantique SA Has $654,000 Stock Position in First Solar, Inc. $FSLR

Banque Transatlantique SA boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 900.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the solar cell manufacturer’s stock after buying an additional 2,250 shares during the quarter. Banque Transatlantique SA’s holdings in First Solar were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FSLR. Virtu Financial LLC acquired a new stake in shares of First Solar in the fourth quarter valued at about $662,000. MV Capital Management Inc. bought a new stake in First Solar during the 4th quarter valued at approximately $30,000. Capstone Wealth Management Inc. acquired a new stake in First Solar in the 4th quarter valued at approximately $212,000. Compound Planning Inc. increased its position in First Solar by 20.3% in the 4th quarter. Compound Planning Inc. now owns 1,190 shares of the solar cell manufacturer’s stock worth $311,000 after buying an additional 201 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in shares of First Solar by 28.2% during the fourth quarter. Corient Private Wealth LLC now owns 18,609 shares of the solar cell manufacturer’s stock worth $4,861,000 after buying an additional 4,096 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Insider Activity

In related news, General Counsel Jason E. Dymbort sold 409 shares of First Solar stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $88,192.67. Following the completion of the transaction, the general counsel directly owned 10,409 shares of the company’s stock, valued at $2,244,492.67. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $250.00, for a total transaction of $145,500.00. Following the transaction, the insider owned 4,967 shares in the company, valued at approximately $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 sold 32,466 shares of company stock valued at $8,014,105. Corporate insiders own 0.39% of the company’s stock.

Key Headlines Impacting First Solar

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

• Positive Sentiment: First Solar drew fresh investor interest after a rating shift, which can boost trading momentum and sentiment around the stock. First Solar Stock Draws Fresh Buzz After Rating Shift
• Positive Sentiment: Several recent articles highlighted First Solar as a long-term value idea, reinforcing the view that the stock may still have upside after its strong run. Why First Solar (FSLR) is a Top Value Stock for the Long-Term
• Positive Sentiment: First Solar also appeared in analyst-research roundups, keeping the company in the spotlight and supporting trading interest. Here Are Wednesday’s Best Wall Street Analyst Research Calls…
• Neutral Sentiment: Zacks noted that First Solar has been among its most searched stocks recently, suggesting elevated investor curiosity but not a direct fundamental catalyst. Investors Heavily Search First Solar, Inc. (FSLR): Here is What You Need to Know
• Negative Sentiment: Sanford C. Bernstein reportedly downgraded First Solar to “strong sell,” which is a cautionary signal and could limit further upside if investors focus on the negative call. Zacks.com

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of First Solar from $320.00 to $253.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Susquehanna dropped their price objective on shares of First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Wolfe Research lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Robert W. Baird reissued 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. Finally, Zacks Research raised First Solar from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.78.

First Solar Trading Up 1.1%

Shares of FSLR opened at $257.70 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a market cap of $27.69 billion, a PE ratio of 16.65, a PEG ratio of 0.56 and a beta of 1.71. First Solar, Inc. has a 1 year low of $139.26 and a 1 year high of $320.95. The stock has a 50 day simple moving average of $237.39 and a 200-day simple moving average of $233.27.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. On average, sell-side analysts predict that First Solar, Inc. will post 17.61 EPS for the current fiscal year.

First Solar Company 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.