First Solar, Inc. $FSLR Position Raised by Credit Capital Investments LLC

Credit Capital Investments LLC grew its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 18.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,450 shares of the solar cell manufacturer’s stock after purchasing an additional 3,950 shares during the quarter. First Solar makes up about 5.9% of Credit Capital Investments LLC’s portfolio, making the stock its 7th biggest holding. Credit Capital Investments LLC’s holdings in First Solar were worth $4,213,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FSLR. Vanguard Group Inc. increased its holdings in First Solar by 3.0% in the first quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock valued at $1,668,919,000 after buying an additional 378,641 shares in the last quarter. Geode Capital Management LLC grew its position in shares of First Solar by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer’s stock valued at $471,927,000 after acquiring an additional 26,476 shares during the period. Wellington Management Group LLP increased its stake in shares of First Solar by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer’s stock valued at $349,617,000 after purchasing an additional 405,457 shares in the last quarter. Invesco Ltd. raised its holdings in First Solar by 32.3% in the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock worth $306,909,000 after purchasing an additional 592,444 shares during the period. Finally, Samlyn Capital LLC boosted its position in First Solar by 6.3% during the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock worth $220,215,000 after purchasing an additional 103,403 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Solar

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares of the company’s stock, valued at $4,011,308.80. This trade represents a 31.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 51,233 shares of company stock valued at $13,434,249. Company insiders own 0.48% of the company’s stock.

First Solar Trading Up 1.3%

Shares of FSLR opened at $267.52 on Thursday. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $281.55. The stock has a market cap of $28.71 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51. The firm’s fifty day moving average is $230.76 and its two-hundred day moving average is $191.07. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Mizuho boosted their price objective on First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. DZ Bank cut shares of First Solar from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. TD Cowen boosted their price target on shares of First Solar from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Glj Research increased their price objective on shares of First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley set a $275.00 target price on shares of First Solar in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $270.17.

First Solar Company 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.