Robeco Schweiz AG Has $104.57 Million Stake in First Solar, Inc. $FSLR

Robeco Schweiz AG increased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,690 shares of the solar cell manufacturer’s stock after acquiring an additional 27,679 shares during the quarter. First Solar comprises about 2.4% of Robeco Schweiz AG’s investment portfolio, making the stock its 9th largest position. Robeco Schweiz AG owned approximately 0.59% of First Solar worth $104,570,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in First Solar during the 1st quarter worth about $25,000. TD Private Client Wealth LLC grew its position 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 raised its stake in shares of First Solar by 138.9% during the second 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 last quarter. Hantz Financial Services Inc. lifted its holdings in First Solar by 69.4% in the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after buying an additional 75 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock valued at $32,000 after buying an additional 219 shares during the period. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $272.64 on Tuesday. The firm’s 50 day moving average is $228.07 and its 200-day moving average is $189.67. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $29.26 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $281.55.

First Solar (NASDAQ:FSLR) last released its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $2.91 EPS. The firm’s revenue for the quarter was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Equities research analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the transaction, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. The trade was a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $462,900.24. Following the sale, the chief executive officer owned 81,861 shares in the company, valued at approximately $16,326,357.84. This represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,715 shares of company stock valued at $14,269,695 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on FSLR shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded First Solar from a “hold” rating to a “buy” rating in a report on Saturday. Seaport Global Securities increased their target price on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Hsbc Global Res upgraded First Solar to a “strong-buy” rating in a research report on Friday, August 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $273.00 price target on shares of First Solar in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $270.17.

About First Solar

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.