Atria Wealth Solutions Inc. Trims Stock Position in First Solar, Inc. $FSLR

Atria Wealth Solutions Inc. lessened its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 81.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,484 shares of the solar cell manufacturer’s stock after selling 10,972 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Solar were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of First Solar during the first quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in First Solar in the first quarter valued at $25,000. TD Private Client Wealth LLC increased its holdings in First Solar by 126.9% in the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after buying an additional 85 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in First Solar by 138.9% in the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock valued at $32,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Activity at First Solar

In related news, CAO Nathan B. Theurer sold 686 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark R. Widmar sold 2,321 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $199.44, for a total transaction of $462,900.24. Following the transaction, the chief executive officer owned 81,861 shares of the company’s stock, valued at $16,326,357.84. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,715 shares of company stock worth $5,733,305. 0.48% of the stock is owned by insiders.

First Solar Stock Performance

NASDAQ:FSLR opened at $231.85 on Monday. 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 firm has a market capitalization of $24.87 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.44 and a beta of 1.38. The company’s 50-day moving average is $210.88 and its two-hundred day moving average is $175.58. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $248.04.

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

Analysts Set New Price Targets

FSLR has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of First Solar from $209.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup lifted their price objective on shares of First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Robert W. Baird lifted their price objective on shares of First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a report on Monday, October 13th. JPMorgan Chase & Co. lifted their price objective on shares of First Solar from $262.00 to $278.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.56.

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.