First Solar, Inc. $FSLR Shares Sold by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lessened its stake in First Solar, Inc. (NASDAQ:FSLR) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,155 shares of the solar cell manufacturer’s stock after selling 149 shares during the period. ASR Vermogensbeheer N.V.’s holdings in First Solar were worth $5,322,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FSLR. Vanguard Group Inc. raised its stake in shares of First Solar by 3.0% during the first quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock worth $1,668,919,000 after purchasing an additional 378,641 shares during the last quarter. Wellington Management Group LLP raised its position in First Solar by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer’s stock worth $349,617,000 after buying an additional 405,457 shares during the last quarter. Invesco Ltd. raised its position in First Solar by 32.3% during the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock worth $306,909,000 after buying an additional 592,444 shares during the last quarter. Samlyn Capital LLC boosted its holdings in shares of First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock valued at $220,215,000 after acquiring an additional 103,403 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of First Solar by 20.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer’s stock worth $220,118,000 after acquiring an additional 290,112 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Solar

In related news, CEO Mark R. Widmar sold 2,321 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $199.44, for a total value of $462,900.24. Following the sale, the chief executive officer directly owned 81,861 shares of the company’s stock, valued at approximately $16,326,357.84. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,715 shares of company stock worth $5,733,305. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FSLR has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on First Solar from $212.00 to $260.00 and gave the company a “buy” rating in a report on Thursday. Glj Research restated a “buy” rating and issued a $214.06 price target (up from $172.53) on shares of First Solar in a research note on Tuesday, August 12th. Royal Bank Of Canada increased their price objective on First Solar from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft raised their target price on First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Solar in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.04.

First Solar Stock Down 0.9%

Shares of NASDAQ FSLR opened at $230.13 on Friday. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $240.60. The firm’s 50 day moving average price is $201.18 and its 200 day moving average price is $167.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The firm has a market cap of $24.68 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.38.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $3.25 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. As a group, sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.