First Solar (NASDAQ:FSLR) Price Target Raised to $258.00 at Royal Bank Of Canada

First Solar (NASDAQ:FSLR) had its price target increased by analysts at Royal Bank Of Canada from $244.00 to $258.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the solar cell manufacturer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.95% from the company’s current price.

Several other equities analysts also recently commented on FSLR. JPMorgan Chase & Co. upped their price target on shares of First Solar from $278.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of First Solar in a research report on Friday, October 31st. Rothschild & Co Redburn raised their target price on First Solar from $150.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Citigroup boosted their price target on shares of First Solar from $198.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen raised First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $277.34.

First Solar Stock Down 1.9%

NASDAQ FSLR opened at $239.00 on Tuesday. The stock’s 50 day simple moving average is $258.74 and its 200 day simple moving average is $225.92. 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 has a one year low of $116.56 and a one year high of $285.99. The firm has a market cap of $25.65 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The firm’s quarterly revenue 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, sell-side analysts forecast that First Solar will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 directly owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the transaction, the director directly owned 15,287 shares of the company’s stock, valued at $4,011,308.80. This trade represents a 31.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,912 shares of company stock worth $12,971,349. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its position 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 worth $25,000 after purchasing an additional 85 shares during the period. Aventura Private Wealth LLC purchased a new position in shares of First Solar in the 4th quarter worth about $25,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. increased its stake in shares of First Solar by 69.4% in the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after buying an additional 75 shares during the last quarter. Finally, Total Investment Management Inc. bought a new stake in First Solar during the second quarter valued at $36,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

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.