First Solar, Inc. $FSLR Holdings Lifted by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 16,456.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,457 shares of the solar cell manufacturer’s stock after acquiring an additional 6,418 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in First Solar were worth $1,069,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Wealth Preservation Advisors LLC acquired a new position in shares of First Solar in the 1st quarter worth approximately $25,000. TD Private Client Wealth LLC grew its position in First Solar by 126.9% in the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of First Solar by 138.9% in the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Finally, Colonial Trust Advisors bought a new stake in shares of First Solar during the 1st quarter worth $32,000. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Susquehanna increased their price target on First Solar from $273.00 to $285.00 in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Evercore ISI boosted their price target on shares of First Solar from $240.90 to $241.00 in a report on Friday, October 31st. 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, Cowen reiterated a “buy” rating on shares of First Solar in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $269.79.

Insider Buying and Selling

In other First Solar news, insider Georges Antoun sold 37,412 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total value 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 $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the transaction, the director owned 13,662 shares in the company, valued at $3,703,904.82. This represents a 24.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,912 shares of company stock worth $12,971,349. Insiders own 0.48% of the company’s stock.

First Solar Trading Up 0.3%

First Solar stock opened at $273.04 on Friday. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $281.55. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The stock has a market cap of $29.30 billion, a P/E ratio of 23.36, a P/E/G ratio of 0.46 and a beta of 1.51. The company’s fifty day simple moving average is $243.43 and its 200-day simple moving average is $201.03.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm earned $2.91 EPS. The business’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, sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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.