First Solar, Inc. $FSLR Shares Acquired by Spire Wealth Management

Spire Wealth Management increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,515 shares of the solar cell manufacturer’s stock after acquiring an additional 3,795 shares during the quarter. Spire Wealth Management’s holdings in First Solar were worth $7,188,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of First Solar by 35.5% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 810 shares of the solar cell manufacturer’s stock valued at $212,000 after purchasing an additional 212 shares during the last quarter. Chesley Taft & Associates LLC raised its position in shares of First Solar by 5.6% during the 4th quarter. Chesley Taft & Associates LLC now owns 14,212 shares of the solar cell manufacturer’s stock worth $3,713,000 after purchasing an additional 760 shares during the period. USA Financial Formulas bought a new stake in shares of First Solar in the 4th quarter worth approximately $672,000. Exchange Traded Concepts LLC lifted its holdings in shares of First Solar by 150.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,039 shares of the solar cell manufacturer’s stock worth $794,000 after purchasing an additional 1,828 shares during the last quarter. Finally, KMG Fiduciary Partners LLC acquired a new position in First Solar during the 4th quarter valued at approximately $318,000. Institutional investors own 92.08% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Jason E. Dymbort sold 9,022 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the completion of the transaction, the general counsel owned 9,850 shares of the company’s stock, valued at $1,966,257. This trade represents a 47.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Caroline Stockdale sold 335 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $200.80, for a total transaction of $67,268.00. Following the completion of the sale, the insider owned 34,060 shares in the company, valued at approximately $6,839,248. This trade represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 75,989 shares of company stock valued at $14,921,902. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of recent research reports. BMO Capital Markets set a $263.00 price objective on First Solar in a research note on Thursday, January 29th. Barclays reduced their price target on shares of First Solar from $279.00 to $228.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Mizuho lowered their price target on shares of First Solar from $326.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of First Solar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley decreased their target price on shares of First Solar from $275.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Twenty investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.17.

First Solar Stock Up 2.4%

First Solar stock opened at $190.29 on Friday. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.33 and a beta of 1.65. The company’s 50-day moving average price is $216.70 and its two-hundred day moving average price is $235.81. The company has a current ratio of 2.67, a quick ratio of 2.35 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.38). First Solar had a net margin of 29.28% and a return on equity of 17.32%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business earned $3.65 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

First Solar Company 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.