First Solar, Inc. $FSLR Holdings Boosted by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 23.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,594 shares of the solar cell manufacturer’s stock after acquiring an additional 8,153 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in First Solar were worth $7,051,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Harvest Portfolios Group Inc. raised its holdings in shares of First Solar by 3.9% during the first quarter. Harvest Portfolios Group Inc. now owns 1,658 shares of the solar cell manufacturer’s stock valued at $210,000 after buying an additional 63 shares during the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of First Solar by 1.4% during the first quarter. Legend Financial Advisors Inc. now owns 4,726 shares of the solar cell manufacturer’s stock valued at $598,000 after buying an additional 64 shares during the last quarter. Harrington Investments INC raised its holdings in shares of First Solar by 0.5% during the second quarter. Harrington Investments INC now owns 13,278 shares of the solar cell manufacturer’s stock valued at $2,198,000 after buying an additional 65 shares during the last quarter. Energy Income Partners LLC raised its holdings in shares of First Solar by 0.8% during the first quarter. Energy Income Partners LLC now owns 9,257 shares of the solar cell manufacturer’s stock valued at $1,170,000 after buying an additional 72 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of First Solar by 5.1% during the first quarter. Horizon Investments LLC now owns 1,537 shares of the solar cell manufacturer’s stock valued at $194,000 after buying an additional 74 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 5.4%

First Solar stock opened at $241.41 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.38. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $248.04. The firm’s 50 day moving average price is $215.24 and its two-hundred day moving average price is $179.22.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.50. The firm 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%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, research analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on First Solar from $262.00 to $278.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Susquehanna lifted their price target on First Solar from $222.00 to $273.00 and gave the company a “positive” rating in a report on Monday, October 13th. UBS Group reaffirmed a “buy” rating and set a $275.00 price target (up previously from $255.00) on shares of First Solar in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.43.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 23,912 shares of First Solar stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total value of $4,434,958.64. Following the transaction, the chief executive officer owned 87,978 shares in the company, valued at approximately $16,317,279.66. The trade was a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,715 shares of company stock worth $5,733,305. 0.48% of the stock is currently owned by company insiders.

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.