IFM Investors Pty Ltd Has $4.53 Million Stock Holdings in First Solar, Inc. $FSLR

IFM Investors Pty Ltd decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,573 shares of the solar cell manufacturer’s stock after selling 2,095 shares during the quarter. IFM Investors Pty Ltd’s holdings in First Solar were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FSLR. TD Private Client Wealth LLC grew its stake in First Solar by 126.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of First Solar during the second quarter worth approximately $26,000. Harbor Investment Advisory LLC grew its position in First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Hantz Financial Services Inc. increased its stake in First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after buying an additional 75 shares during the period. Finally, Wealth Preservation Advisors LLC purchased a new stake in First Solar in the 1st quarter worth approximately $25,000. 92.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSLR. Glj Research boosted their price target on shares of First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada lifted their price objective on First Solar from $201.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. KeyCorp reaffirmed an “overweight” rating on shares of First Solar in a research report on Friday, October 31st. Mizuho lifted their price target on First Solar from $278.00 to $335.00 in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.27.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $269.69 on Friday. The business’s 50-day simple moving average is $257.82 and its 200-day simple moving average is $214.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The firm has a market cap of $28.94 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 0.53 and a beta of 1.59.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the company earned $2.91 EPS. The firm’s revenue for the quarter was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, equities research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other First Solar news, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the sale, the insider directly owned 15,424 shares in the company, valued at $4,087,514.24. This represents a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael T. Sweeney sold 4,500 shares of the firm’s 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 directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 48,912 shares of company stock valued at $12,971,349. Company insiders own 0.48% of the company’s stock.

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.