TrueWealth Advisors LLC Takes $896,000 Position in First Solar, Inc. $FSLR

TrueWealth Advisors LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 4,065 shares of the solar cell manufacturer’s stock, valued at approximately $896,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of First Solar during the first quarter worth about $25,000. TD Private Client Wealth LLC increased its holdings in 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 last quarter. Strategic Wealth Investment Group LLC purchased a new stake in First Solar during the 2nd quarter worth approximately $26,000. Harbor Investment Advisory LLC raised its position in shares of First Solar by 138.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of First Solar by 69.4% during the 2nd 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 last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the transaction, the director directly owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,912 shares of company stock valued at $12,971,349. 0.48% of the stock is currently owned by company insiders.

First Solar Stock Up 1.1%

NASDAQ:FSLR opened at $272.27 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $257.07 and a 200-day moving average of $213.87. The firm has a market capitalization of $29.22 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.53 and a beta of 1.59. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a return on equity of 16.61% and a net margin of 27.73%.The company’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same period last year, the business posted $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Upgrades and Downgrades

FSLR has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of First Solar from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Roth Capital set a $300.00 target price on shares of First Solar in a research report on Friday, October 31st. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Seaport Global Securities boosted their price objective on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, BMO Capital Markets increased their target price on First Solar from $273.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.27.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin?film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility?scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.