Yousif Capital Management LLC Has $2.12 Million Stock Position in First Solar, Inc. $FSLR

Yousif Capital Management LLC decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,781 shares of the solar cell manufacturer’s stock after selling 259 shares during the quarter. Yousif Capital Management LLC’s holdings in First Solar were worth $2,116,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of First Solar during the 1st quarter worth $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of First Solar during the 1st quarter worth $25,000. TD Private Client Wealth LLC boosted its holdings in shares of First Solar by 126.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after buying an additional 85 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock worth $28,000 after buying an additional 100 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of First Solar by 591.9% during the 1st quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock worth $32,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

FSLR has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of First Solar from $262.00 to $278.00 and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Susquehanna upped their price objective on shares of First Solar from $222.00 to $273.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Mizuho increased their price target on shares of First Solar from $275.00 to $278.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Finally, Bank of America increased their price target on shares of First Solar from $209.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $240.56.

First Solar Price Performance

NASDAQ:FSLR opened at $231.85 on Friday. The company has a 50-day moving average of $210.88 and a 200-day moving average of $175.30. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.44 and a beta of 1.38. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $248.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90.

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

Insider Transactions at First Solar

In related news, CEO Mark R. Widmar sold 2,321 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $199.44, for a total transaction of $462,900.24. Following the completion of the sale, the chief executive officer owned 81,861 shares in the company, valued at $16,326,357.84. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction dated Thursday, August 14th. The stock was 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. Insiders have sold a total of 30,715 shares of company stock valued at $5,733,305 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.

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.