Universal Beteiligungs und Servicegesellschaft mbH Has $39.12 Million Holdings in First Solar, Inc. $FSLR

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 236,326 shares of the solar cell manufacturer’s stock after selling 2,623 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in First Solar were worth $39,121,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in First Solar by 26.0% during the second quarter. Rockefeller Capital Management L.P. now owns 26,400 shares of the solar cell manufacturer’s stock worth $4,370,000 after buying an additional 5,441 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in First Solar by 112.5% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 391 shares of the solar cell manufacturer’s stock worth $65,000 after acquiring an additional 207 shares during the period. Intech Investment Management LLC grew its holdings in First Solar by 24.6% during the 2nd quarter. Intech Investment Management LLC now owns 9,166 shares of the solar cell manufacturer’s stock worth $1,517,000 after acquiring an additional 1,807 shares during the period. Creative Planning raised its position in shares of First Solar by 33.0% in the 2nd quarter. Creative Planning now owns 23,341 shares of the solar cell manufacturer’s stock worth $3,864,000 after acquiring an additional 5,789 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of First Solar by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,302 shares of the solar cell manufacturer’s stock valued at $4,354,000 after purchasing an additional 1,819 shares during the period. 92.08% of the stock is owned by institutional investors.

First Solar Stock Performance

NASDAQ FSLR opened at $253.54 on Tuesday. The company has a market cap of $27.21 billion, a P/E ratio of 21.69, a PEG ratio of 0.46 and a beta of 1.51. The company has a fifty day simple moving average of $233.82 and a 200 day simple moving average of $194.06. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $281.55.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.08). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business’s quarterly revenue was up 79.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Sell-side analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna raised their target price on First Solar from $273.00 to $285.00 in a research note on Friday, October 31st. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Wolfe Research lifted their price objective on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st. Needham & Company LLC assumed coverage on shares of First Solar in a research note on Wednesday, October 22nd. They set a “buy” rating and a $286.00 target price on the stock. Finally, DZ Bank cut shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average price target of $269.79.

Insider Buying and Selling at First Solar

In other news, Director Michael T. Sweeney sold 4,500 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares in the company, valued at $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul H. Stebbins sold 7,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares in the company, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 48,912 shares of company stock worth $12,971,349. Corporate insiders own 0.48% of the company’s stock.

About First Solar

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.