Whitaker Myers Wealth Managers LTD. Makes New $868,000 Investment in First Solar, Inc. $FSLR

Whitaker Myers Wealth Managers LTD. acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,937 shares of the solar cell manufacturer’s stock, valued at approximately $868,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in First Solar by 57.2% in the first quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock worth $5,562,000 after purchasing an additional 16,003 shares during the period. AlphaQuest LLC raised its stake in First Solar by 39.8% during the 1st quarter. AlphaQuest LLC now owns 1,546 shares of the solar cell manufacturer’s stock worth $195,000 after buying an additional 440 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in First Solar by 177.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 12,534 shares of the solar cell manufacturer’s stock worth $1,585,000 after buying an additional 8,014 shares during the period. Harvest Portfolios Group Inc. boosted its holdings in First Solar by 3.9% in the first quarter. Harvest Portfolios Group Inc. now owns 1,658 shares of the solar cell manufacturer’s stock worth $210,000 after acquiring an additional 63 shares in the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in First Solar in the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Up 1.1%

FSLR opened at $272.27 on Friday. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $285.99. The firm has a market capitalization of $29.22 billion, a P/E ratio of 20.91, a PEG ratio of 0.53 and a beta of 1.59. The company’s 50-day moving average is $257.07 and its 200 day moving average is $213.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55.

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

Analysts Set New Price Targets

FSLR has been the topic of a number of research reports. Roth Capital set a $300.00 target price on First Solar in a research report on Friday, October 31st. Needham & Company LLC began coverage on shares of First Solar in a report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 price objective for the company. Robert W. Baird boosted their target price on shares of First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Solar in a research report on Monday. Finally, Wells Fargo & Company lifted their price target on First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.27.

Insider Activity at First Solar

In related news, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction 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 sale, the director directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares of the company’s stock, valued at $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 three months, insiders sold 48,912 shares of company stock valued at $12,971,349. 0.48% of the stock is owned by insiders.

First Solar 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.