Van Lanschot Kempen Investment Management N.V. Sells 6,416 Shares of First Solar, Inc. $FSLR

Van Lanschot Kempen Investment Management N.V. decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,690 shares of the solar cell manufacturer’s stock after selling 6,416 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in First Solar were worth $44,589,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aventura Private Wealth LLC bought a new position in shares of First Solar in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of First Solar in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC raised its stake in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of First Solar in the fourth quarter valued at approximately $30,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of First Solar in the second quarter valued at approximately $26,000. Institutional investors own 92.08% of the company’s stock.

More First Solar News

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

First Solar Stock Performance

Shares of First Solar stock opened at $267.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The firm has a market cap of $28.72 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.60 and a beta of 1.71. The firm has a 50 day simple moving average of $231.95 and a 200 day simple moving average of $233.65. First Solar, Inc. has a fifty-two week low of $135.50 and a fifty-two week high of $320.95.

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

Insiders Place Their Bets

In related news, CFO Alexander R. Bradley sold 498 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the sale, the chief financial officer owned 30,712 shares of the company’s stock, valued at $6,622,428.56. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kuntal Kumar Verma sold 582 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the sale, the insider directly owned 4,967 shares of the company’s stock, valued at approximately $1,241,750. This represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 60,694 shares of company stock valued at $13,659,583 over the last quarter. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. DZ Bank upgraded shares of First Solar to a “strong sell” rating in a research note on Thursday, February 26th. Royal Bank Of Canada cut their target price on shares of First Solar from $258.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Guggenheim lifted their target price on shares of First Solar from $269.00 to $279.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded shares of First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $250.99.

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.