First Solar (NASDAQ:FSLR) CAO Sells $124,872.58 in Stock

First Solar, Inc. (NASDAQ:FSLR) CAO Nathan B. Theurer sold 686 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The transaction was disclosed in a filing with the SEC, which is available through this link.

First Solar Trading Down 2.1%

NASDAQ:FSLR opened at $206.44 on Thursday. First Solar, Inc. has a one year low of $116.56 and a one year high of $262.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The company’s 50-day simple moving average is $174.14 and its 200 day simple moving average is $154.83. The firm has a market capitalization of $22.14 billion, a P/E ratio of 17.66, a PEG ratio of 0.41 and a beta of 1.48.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $3.25 earnings per share. First Solar’s quarterly revenue was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. As a group, analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSLR. Norges Bank bought a new position in First Solar during the second quarter valued at approximately $212,621,000. Nuveen LLC bought a new position in First Solar during the first quarter valued at approximately $114,730,000. Viking Global Investors LP lifted its position in First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares during the period. Canada Pension Plan Investment Board increased its holdings in First Solar by 16,857.8% during the first quarter. Canada Pension Plan Investment Board now owns 759,033 shares of the solar cell manufacturer’s stock valued at $95,965,000 after buying an additional 754,557 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in First Solar by 32.3% during the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock valued at $306,909,000 after buying an additional 592,444 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FSLR. Truist Financial reiterated a “buy” rating and issued a $200.00 target price (down previously from $245.00) on shares of First Solar in a research note on Thursday, May 1st. Morgan Stanley set a $223.00 target price on shares of First Solar and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on shares of First Solar from $188.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, KeyCorp downgraded shares of First Solar from a “sector weight” rating to an “underweight” rating and set a $100.00 target price on the stock. in a research note on Wednesday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.44.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.