9,737 Shares in First Solar, Inc. $FSLR Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,737 shares of the solar cell manufacturer’s stock, valued at approximately $2,147,000.

Several other institutional investors have also made changes to their positions in FSLR. SFE Investment Counsel boosted its holdings in shares of First Solar by 9.1% during the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after purchasing an additional 5,852 shares during the period. Raymond James Financial Inc. increased its stake in First Solar by 57.2% in the 1st quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock valued at $5,562,000 after buying an additional 16,003 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in First Solar in the 2nd quarter worth approximately $1,323,000. State Street Corp boosted its stake in shares of First Solar by 2.1% during the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock valued at $881,680,000 after buying an additional 111,927 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Solar by 49.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,251 shares of the solar cell manufacturer’s stock valued at $10,471,000 after buying an additional 20,884 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other First Solar news, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 owned 15,424 shares in the company, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,912 shares of company stock valued at $12,971,349 over the last three months. 0.48% of the stock is owned by corporate insiders.

First Solar Price Performance

NASDAQ:FSLR opened at $269.69 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99. The company has a fifty day moving average price of $257.82 and a 200 day moving average price of $214.63. The stock has a market cap of $28.94 billion, a P/E ratio of 20.71, a PEG ratio of 0.53 and a beta of 1.59.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on FSLR shares. DZ Bank lowered First Solar from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Evercore ISI boosted their price target on First Solar from $240.90 to $241.00 in a research note on Friday, October 31st. Citigroup increased their price objective on First Solar from $198.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Seaport Global Securities lifted their target price on shares of First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Glj Research boosted their target price on shares of First Solar from $214.06 to $314.43 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and an average target price of $271.27.

First Solar 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.