Hel Ved Capital Management Ltd Has $4.99 Million Stock Holdings in First Solar, Inc. $FSLR

Hel Ved Capital Management Ltd cut its stake in First Solar, Inc. (NASDAQ:FSLR) by 9.1% during the fourth quarter, HoldingsChannel reports. The fund owned 19,087 shares of the solar cell manufacturer’s stock after selling 1,900 shares during the quarter. First Solar comprises approximately 1.3% of Hel Ved Capital Management Ltd’s holdings, making the stock its 21st biggest position. Hel Ved Capital Management Ltd’s holdings in First Solar were worth $4,986,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Aventura Private Wealth LLC acquired a new position in shares of First Solar in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of First Solar in the fourth quarter worth $26,000. Strategic Wealth Investment Group LLC acquired a new position in shares of First Solar in the second quarter worth $26,000. Larson Financial Group LLC increased its stake in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of First Solar in the fourth quarter worth $30,000. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on FSLR. Weiss Ratings downgraded shares of First Solar from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Mizuho increased their target price on shares of First Solar from $243.00 to $300.00 in a research report on Friday. Needham & Company LLC increased their target price on shares of First Solar from $286.00 to $303.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. lowered their target price on shares of First Solar from $303.00 to $256.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Zacks Research raised shares of First Solar from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and an average target price of $250.99.

More First Solar News

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

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

Insider Buying and Selling

In other news, CEO Mark R. Widmar sold 4,815 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $247.43, for a total value of $1,191,375.45. Following the sale, the chief executive officer directly owned 89,033 shares of the company’s stock, valued at approximately $22,029,435.19. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Georges Antoun sold 566 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $122,046.58. Following the completion of the sale, the insider directly owned 19,918 shares in the company, valued at approximately $4,294,918.34. This represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 60,694 shares of company stock valued at $13,659,583 in the last quarter. Insiders own 0.39% of the company’s stock.

First Solar Trading Down 1.4%

First Solar stock opened at $267.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The company has a market capitalization of $28.72 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.60 and a beta of 1.71. First Solar, Inc. has a one year low of $135.50 and a one year high of $320.95. The company’s fifty day moving average price is $231.95 and its two-hundred day moving average price is $233.65.

First Solar (NASDAQ:FSLR) last posted 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. On average, analysts forecast that First Solar, Inc. will post 17.61 earnings per share 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.