2,528 Shares in First Solar, Inc. $FSLR Purchased by Vigilare Wealth Management

Vigilare Wealth Management bought a new stake in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, HoldingsChannel reports. The fund bought 2,528 shares of the solar cell manufacturer’s stock, valued at approximately $558,000.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of First Solar in the 2nd quarter valued at $212,621,000. Viking Global Investors LP boosted its stake in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of First Solar by 16,857.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 759,033 shares of the solar cell manufacturer’s stock valued at $95,965,000 after purchasing an additional 754,557 shares during the last quarter. Jones Financial Companies Lllp increased its position in First Solar by 22,107.8% during the 1st quarter. Jones Financial Companies Lllp now owns 512,556 shares of the solar cell manufacturer’s stock worth $64,802,000 after purchasing an additional 510,248 shares in the last quarter. Finally, Hill City Capital LP boosted its position in First Solar by 59.4% in the first quarter. Hill City Capital LP now owns 1,355,000 shares of the solar cell manufacturer’s stock valued at $171,313,000 after buying an additional 505,000 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of FSLR opened at $254.80 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $250.79 and its two-hundred day simple moving average is $207.85. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $281.55. The stock has a market capitalization of $27.34 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.50 and a beta of 1.59.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FSLR shares. Daiwa Capital Markets increased their price target on First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Citigroup raised their price objective on shares of First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Seaport Global Securities boosted their target price on shares of First Solar from $217.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Mizuho upped their price target on shares of First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. Finally, Bank of America boosted their price objective on shares of First Solar from $209.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.73.

Insiders Place Their Bets

In related news, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the sale, the insider directly owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. The trade was a 70.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,912 shares of company stock worth $12,971,349. Corporate insiders own 0.48% of the company’s stock.

First Solar Company Profile

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.