Fieldview Capital Management LLC Purchases Shares of 2,445 First Solar, Inc. $FSLR

Fieldview Capital Management LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,445 shares of the solar cell manufacturer’s stock, valued at approximately $639,000.

Several other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its stake in First Solar by 1.2% during the 4th quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock valued at $942,000 after purchasing an additional 44 shares during the last quarter. Root Financial Partners LLC grew its stake in First Solar by 18.2% during the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after purchasing an additional 45 shares during the last quarter. Fielder Capital Group LLC grew its stake in First Solar by 4.1% during the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after purchasing an additional 47 shares during the last quarter. Burford Brothers Inc. grew its stake in First Solar by 0.3% during the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock valued at $4,984,000 after purchasing an additional 48 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in First Solar by 15.8% during the 4th quarter. Cromwell Holdings LLC now owns 367 shares of the solar cell manufacturer’s stock valued at $96,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Buying and Selling at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 582 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares of the company’s stock, valued at $1,241,750. This represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Caroline Stockdale sold 10,628 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the transaction, the insider directly owned 23,792 shares of the company’s stock, valued at $6,557,075.20. The trade was a 30.88% decrease in their position. 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 ninety days, insiders have sold 32,466 shares of company stock valued at $8,014,105. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Argus boosted their price target on First Solar from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wolfe Research downgraded First Solar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Evercore boosted their price target on First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut First Solar from a “buy” rating to a “hold” rating and decreased their price objective for the company from $300.00 to $245.00 in a report on Wednesday, February 25th. Finally, Susquehanna lowered their target price on First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.99.

First Solar Stock Up 2.3%

Shares of FSLR opened at $273.51 on Tuesday. First Solar, Inc. has a 52 week low of $135.50 and a 52 week high of $320.95. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.59 and a beta of 1.70. The stock’s 50-day moving average price is $233.52 and its 200-day moving average price is $233.56.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.First Solar’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, sell-side analysts predict that First Solar, Inc. will post 17.61 EPS for the current year.

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.