Inceptionr LLC Purchases Shares of 2,723 First Solar, Inc. $FSLR

Inceptionr LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,723 shares of the solar cell manufacturer’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSLR. Geode Capital Management LLC increased its stake in First Solar by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock valued at $761,396,000 after acquiring an additional 24,206 shares during the period. Viking Global Investors LP lifted its stake in First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after purchasing an additional 854,919 shares during the period. Amundi lifted its stake in First Solar by 9.4% during the fourth quarter. Amundi now owns 2,215,461 shares of the solar cell manufacturer’s stock worth $578,791,000 after purchasing an additional 189,626 shares during the period. Norges Bank acquired a new stake in First Solar during the fourth quarter valued at approximately $392,040,000. Finally, Schroder Investment Management Group boosted its holdings in First Solar by 7.6% during the fourth quarter. Schroder Investment Management Group now owns 1,427,105 shares of the solar cell manufacturer’s stock valued at $372,803,000 after purchasing an additional 100,908 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

Trending Headlines about First Solar

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

• Positive Sentiment: Roth Capital reaffirmed its buy rating on First Solar and set a $300 price target, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Industry commentary highlighted record U.S. solar power output and rising electricity demand from AI data centers, which supports the broader solar demand narrative and could benefit First Solar over time. 24/7 Wall St.
• Neutral Sentiment: Several firms, including Rosen, Howard G. Smith, Schall, Kaplan Fox, Faruqi & Faruqi, and others, reminded investors about pending First Solar securities-fraud class actions and the August 24 lead-plaintiff deadline. PR Newswire
• Neutral Sentiment: Short-interest reporting showed no meaningful update, with the latest filing indicating zero shares reported short and a days-to-cover ratio of 0.0, so it does not appear to be a current market driver.
• Negative Sentiment: The ongoing securities-fraud litigation headlines create a legal overhang that may pressure the shares until there is more clarity on the case outcome.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised First Solar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Barclays boosted their price target on First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Guggenheim increased their price objective on First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company upped their target price on shares of First Solar from $255.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Susquehanna increased their target price on shares of First Solar from $250.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.10.

Insider Transactions at First Solar

In other news, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total transaction of $2,929,076.80. Following the sale, the insider directly owned 23,792 shares of the company’s stock, valued at $6,557,075.20. This represents a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kuntal Kumar Verma sold 582 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the sale, the insider directly owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 31,893 shares of company stock worth $7,893,775. Corporate insiders own 0.39% of the company’s stock.

First Solar Trading Down 1.5%

Shares of FSLR opened at $202.82 on Friday. The stock has a fifty day moving average price of $248.59 and a two-hundred day moving average price of $226.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. First Solar, Inc. has a 52-week low of $171.99 and a 52-week high of $320.95. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.45 and a beta of 1.73.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, topping the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. Analysts predict that First Solar, Inc. will post 17.54 EPS for the current fiscal year.

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.