First Solar, Inc. $FSLR Shares Acquired by Burford Brothers Inc.

Burford Brothers Inc. boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 1.3% during the second quarter, Holdings Channel.com reports. The fund owned 19,096 shares of the solar cell manufacturer’s stock after purchasing an additional 246 shares during the quarter. First Solar accounts for 1.5% of Burford Brothers Inc.’s holdings, making the stock its 14th largest holding. Burford Brothers Inc.’s holdings in First Solar were worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew 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 purchasing an additional 85 shares during the period. Harbor Investment Advisory LLC lifted its position in First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of First Solar in the first quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of First Solar in the 1st quarter valued at $25,000. Finally, First Pacific Financial acquired a new position in shares of First Solar during the 2nd quarter valued at $41,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Price Performance

FSLR opened at $231.85 on Friday. The company has a market capitalization of $24.87 billion, a P/E ratio of 19.83, a PEG ratio of 0.44 and a beta of 1.38. The company has a 50-day moving average of $210.88 and a 200-day moving average of $175.30. 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, Inc. has a 1-year low of $116.56 and a 1-year high of $248.04.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The company’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 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mark R. Widmar sold 2,321 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $199.44, for a total transaction 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 represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction on 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 sold a total of 30,715 shares of company stock valued at $5,733,305 over the last quarter. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

FSLR has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a report on Wednesday, October 8th. Citigroup increased their target price on First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Glj Research reiterated a “buy” rating and set a $214.06 price objective (up previously from $172.53) on shares of First Solar in a research note on Tuesday, August 12th. Finally, Guggenheim upped their target price on shares of First Solar from $202.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $240.56.

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.