First Solar, Inc. $FSLR Shares Bought by Slow Capital Inc.

Slow Capital Inc. lifted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,978 shares of the solar cell manufacturer’s stock after acquiring an additional 5,221 shares during the quarter. First Solar accounts for approximately 1.0% of Slow Capital Inc.’s portfolio, making the stock its 25th largest holding. Slow Capital Inc.’s holdings in First Solar were worth $8,108,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in First Solar by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock valued at $1,668,919,000 after purchasing an additional 378,641 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 buying an additional 405,457 shares during the period. Invesco Ltd. boosted its stake in shares of First Solar by 32.3% in the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock valued at $306,909,000 after buying an additional 592,444 shares in the last quarter. Samlyn Capital LLC boosted its stake in shares of First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock valued at $220,215,000 after buying an additional 103,403 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in First Solar by 20.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer’s stock worth $220,118,000 after acquiring an additional 290,112 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Trading Down 0.2%

Shares of FSLR opened at $229.57 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $202.10 and a 200-day simple moving average of $169.12. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $235.87. The stock has a market cap of $24.62 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.45 and a beta of 1.38.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.50. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.First Solar’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLR has been the subject of a number of recent analyst reports. Bank of America raised their target price on First Solar from $185.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of First Solar from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group reissued a “buy” rating and set a $275.00 price objective (up previously from $255.00) on shares of First Solar in a report on Tuesday, August 5th. Evercore ISI set a $240.00 target price on shares of First Solar in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, First Solar has an average rating of “Moderate Buy” and a consensus price target of $229.52.

Insider Buying and Selling at First Solar

In related news, CEO Mark R. Widmar sold 2,321 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $199.44, for a total value of $462,900.24. Following the completion of the transaction, the chief executive officer owned 81,861 shares of the company’s stock, valued at approximately $16,326,357.84. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of the firm’s stock in a transaction dated 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 30,715 shares of company stock worth $5,733,305 over the last 90 days. Company insiders own 0.48% of the company’s stock.

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.