Maxi Investments CY Ltd Acquires New Position in First Solar, Inc. $FSLR

Maxi Investments CY Ltd bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,371 shares of the solar cell manufacturer’s stock, valued at approximately $4,619,000. First Solar comprises approximately 0.8% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in First Solar during the third quarter worth about $32,000. Clearstead Trust LLC bought a new position in shares of First Solar in the second quarter worth about $34,000. Vega Investment Solutions acquired a new stake in shares of First Solar in the 2nd quarter valued at approximately $40,000. Rakuten Securities Inc. acquired a new stake in shares of First Solar in the 2nd quarter valued at approximately $44,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of First Solar in the 2nd quarter valued at approximately $45,000. 92.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSLR. Roth Capital reaffirmed a “buy” rating and set a $300.00 price target on shares of First Solar in a report on Friday, July 24th. Piper Sandler dropped their price objective on shares of First Solar from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. JPMorgan Chase & Co. cut their target price on shares of First Solar from $256.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Glj Research decreased their target price on shares of First Solar from $315.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Finally, Evercore reiterated a “positive” rating and set a $218.00 price target on shares of First Solar in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $265.73.

Insider Buying and Selling at First Solar

In other First Solar news, CTO Markus Gloeckler sold 800 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $174.00, for a total transaction of $139,200.00. Following the sale, the chief technology officer directly owned 5,042 shares of the company’s stock, valued at $877,308. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the completion of the transaction, the insider owned 7,642 shares of the company’s stock, valued at approximately $1,692,779.42. This trade represents a 47.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 16,681 shares of company stock valued at $3,756,286. 0.39% of the stock is owned by insiders.

First Solar News Roundup

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

• Positive Sentiment: Truist reiterated Buy ratings on several clean-energy stocks, including First Solar, citing a favorable long-term demand outlook. The U.S. is expected to add roughly 38 GWac of utility-scale solar and 26 GW of storage capacity annually through 2030, supporting potential growth in First Solar’s project pipeline, revenue and margins. Truist names top clean energy stocks to watch ahead of Q3 earnings season
• Positive Sentiment: Wall Street brokerages collectively rate First Solar “Moderate Buy,” suggesting analysts generally see upside despite the stock’s recent decline and concerns surrounding the solar industry. First Solar Stock Rated Moderate Buy by Wall Street Brokerages
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio. Because this conflicts with the description of a large increase in short interest, the figure may reflect a reporting or data-quality issue and provides little reliable trading insight.
• Negative Sentiment: Investors purchased 38,523 put options on First Solar, 45% above typical daily put volume. The activity signals increased demand for downside protection or bearish speculation and may be contributing to near-term selling pressure.
• Negative Sentiment: Investors continue to focus on securities class-action lawsuits concerning how management characterized the benefits of tariffs. Although First Solar has reported strong sales and margins, legal scrutiny could weaken confidence in the durability of those gains and remain an overhang on the shares. Caught Out By First Solar’s Fall? What Bears Saw

First Solar Trading Down 2.2%

NASDAQ:FSLR opened at $168.15 on Tuesday. The stock has a market cap of $18.07 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.47 and a beta of 1.80. The stock’s 50-day moving average is $192.13 and its 200-day moving average is $217.50. First Solar, Inc. has a 1-year low of $165.86 and a 1-year high of $320.95.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $1.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.18 earnings per share. As a group, equities analysts forecast that First Solar, Inc. will post 17.63 EPS for the current year.

First Solar Company Profile

First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.