First Solar, Inc. $FSLR Stock Holdings Lifted by Private Trust Co. NA

Private Trust Co. NA lifted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 2,610.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 271 shares of the solar cell manufacturer’s stock after buying an additional 261 shares during the quarter. Private Trust Co. NA’s holdings in First Solar were worth $45,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in First Solar by 25.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,677 shares of the solar cell manufacturer’s stock valued at $971,000 after purchasing an additional 1,543 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in First Solar by 396.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer’s stock valued at $1,489,000 after purchasing an additional 9,405 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in First Solar by 7.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 48,722 shares of the solar cell manufacturer’s stock valued at $6,160,000 after purchasing an additional 3,226 shares during the last quarter. Trust Co. of Vermont lifted its position in First Solar by 6.7% in the 1st quarter. Trust Co. of Vermont now owns 8,205 shares of the solar cell manufacturer’s stock valued at $1,037,000 after purchasing an additional 518 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in First Solar by 78.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,815 shares of the solar cell manufacturer’s stock valued at $735,000 after purchasing an additional 2,552 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FSLR. Bank of America raised their target price on shares of First Solar from $209.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of First Solar in a research note on Wednesday, October 8th. Evercore ISI began coverage on shares of First Solar in a research note on Monday, October 6th. They set an “in-line” rating and a $240.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of First Solar from $262.00 to $278.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Wall Street Zen raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average target price of $244.43.

First Solar Stock Performance

Shares of FSLR opened at $241.41 on Friday. The firm’s 50 day moving average is $215.24 and its 200-day moving average is $178.47. The stock has a market capitalization of $25.89 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.44 and a beta of 1.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $248.04.

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

Insider Activity at First Solar

In other news, CEO Mark R. Widmar sold 23,912 shares of First Solar stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total value of $4,434,958.64. Following the transaction, the chief executive officer directly owned 87,978 shares of the company’s stock, valued at $16,317,279.66. This trade represents a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction that occurred on 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 a total of 30,715 shares of company stock worth $5,733,305 in the last ninety days. Corporate 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.