First Solar, Inc. $FSLR Stock Holdings Reduced by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in First Solar, Inc. (NASDAQ:FSLR) by 3.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 626,438 shares of the solar cell manufacturer’s stock after selling 25,485 shares during the quarter. First Solar makes up 2.0% of Robeco Schweiz AG’s portfolio, making the stock its 13th biggest position. Robeco Schweiz AG’s holdings in First Solar were worth $109,727,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of First Solar by 22.6% in the 3rd quarter. Signaturefd LLC now owns 2,438 shares of the solar cell manufacturer’s stock valued at $427,000 after buying an additional 449 shares during the period. Citizens Financial Group Inc. RI raised its stake in First Solar by 0.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 24,438 shares of the solar cell manufacturer’s stock worth $4,281,000 after buying an additional 226 shares during the period. Manchester Capital Management LLC raised its stake in First Solar by 46.2% during the 3rd quarter. Manchester Capital Management LLC now owns 478 shares of the solar cell manufacturer’s stock worth $84,000 after buying an additional 151 shares during the period. Inspire Investing LLC raised its stake in First Solar by 17.6% during the 3rd quarter. Inspire Investing LLC now owns 24,470 shares of the solar cell manufacturer’s stock worth $4,286,000 after buying an additional 3,654 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in First Solar by 2.7% in the third quarter. Yousif Capital Management LLC now owns 10,816 shares of the solar cell manufacturer’s stock worth $1,895,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of research reports. Morgan Stanley raised their price objective on First Solar from $323.00 to $326.00 and gave the company an “overweight” rating in a research note on Wednesday, October 14th. BMO Capital Markets lowered First Solar from a “hold” rating to a “market perform” rating in a research report on Thursday, August 27th. Truist Financial set a $270.00 target price on First Solar and gave the stock a “buy” rating in a research report on Monday, October 12th. Oppenheimer reiterated a “market perform” rating on shares of First Solar in a report on Friday, July 31st. Finally, Robert W. Baird reduced their price target on shares of First Solar from $318.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $265.73.

Trending Headlines about First Solar

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: BMO Capital issued a Buy rating on First Solar, providing a constructive analyst signal that may support investor confidence in the company’s long-term growth prospects. First Solar Gets a Buy from BMO Capital
• Positive Sentiment: Analysts and investors are focused on whether U.S. demand for domestically manufactured solar panels is strengthening. Firm domestic demand could benefit First Solar’s production utilization and revenue outlook. Is Domestic Panel Demand Firming for First Solar?
• Neutral Sentiment: First Solar is scheduled to report quarterly earnings, making the upcoming results, management guidance and commentary on demand key near-term catalysts. First Solar Projected to Announce Quarterly Earnings
• Neutral Sentiment: Investor attention has increased, with First Solar appearing among trending stocks. The heightened visibility could increase trading activity but does not itself change the company’s fundamentals. First Solar Is a Trending Stock
• Neutral Sentiment: Coverage is also highlighting First Solar’s substantial cash position, which may provide financial flexibility for expansion and help cushion periods of industry volatility. Should You Buy First Solar Stock For Its Cash?
• Negative Sentiment: Zacks reported that First Solar underperformed the broader market in the latest session, reflecting near-term selling pressure. First Solar Declines More Than the Market
• Negative Sentiment: Pre-earnings analysis says First Solar lacks the combination of earnings-estimate revisions and surprise indicators typically associated with a likely earnings beat. That raises the risk of a cautious reaction if results or guidance disappoint. First Solar Earnings Expected to Grow

Insider Buying and Selling

In other news, EVP Samantha Sloan sold 127 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president directly owned 2,018 shares of the company’s stock, valued at $449,913.10. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jason Dymbort sold 3,700 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $249.38, for a total value of $922,706.00. Following the completion of the sale, the general counsel directly owned 5,624 shares of the company’s stock, valued at approximately $1,402,513.12. This trade represents a 39.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 16,681 shares of company stock valued at $3,756,286. Company insiders own 0.39% of the company’s stock.

First Solar Price Performance

NASDAQ:FSLR opened at $171.99 on Friday. First Solar, Inc. has a one year low of $168.60 and a one year high of $320.95. The company has a market cap of $18.48 billion, a PE ratio of 10.60, a PEG ratio of 0.47 and a beta of 1.80. The firm has a 50-day moving average of $192.86 and a 200-day moving average of $218.21.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, beating the consensus estimate of $2.90 by $1.02. First Solar had a net margin of 32.47% and a return on equity of 18.02%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm earned $3.18 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that First Solar, Inc. will post 17.63 earnings per share for the current fiscal year.

About First Solar

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.