First Solar, Inc. $FSLR Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 524,203 shares of the solar cell manufacturer’s stock after acquiring an additional 20,025 shares during the period. DekaBank Deutsche Girozentrale’s holdings in First Solar were worth $83,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Preservation Advisors LLC acquired a new position in First Solar in the 1st quarter valued at approximately $25,000. TD Private Client Wealth LLC raised its position in shares of 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 valued at $25,000 after purchasing an additional 85 shares during the period. Harbor Investment Advisory LLC lifted its stake 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 worth $28,000 after buying an additional 100 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock worth $32,000 after buying an additional 219 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. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 0.9%

Shares of NASDAQ FSLR opened at $226.85 on Wednesday. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $248.04. The firm’s 50-day moving average is $212.66 and its 200-day moving average is $176.63. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $24.33 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.38.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.50. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. First Solar’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

Analysts Set New Price Targets

FSLR has been the topic of a number of recent analyst reports. Guggenheim lifted their price objective on First Solar from $202.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Morgan Stanley increased their price objective on First Solar from $215.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. TD Cowen boosted their target price on shares of First Solar from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. BMO Capital Markets upped their target price on shares of First Solar from $194.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Susquehanna upped their target price on shares of First Solar from $222.00 to $273.00 and gave the company a “positive” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Insider Buying and Selling

In related news, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 2,321 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $199.44, for a total transaction of $462,900.24. Following the completion of the sale, the chief executive officer directly owned 81,861 shares of the company’s stock, valued at $16,326,357.84. The trade was a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,715 shares of company stock worth $5,733,305 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

First Solar 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.