Trust Investment Advisors Has $596,000 Stock Holdings in First Solar, Inc. $FSLR

Trust Investment Advisors cut its holdings in First Solar, Inc. (NASDAQ:FSLR) by 7.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,602 shares of the solar cell manufacturer’s stock after selling 294 shares during the quarter. Trust Investment Advisors’ holdings in First Solar were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in First Solar by 3.0% in the first quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock worth $1,668,919,000 after purchasing an additional 378,641 shares during the period. Wellington Management Group LLP increased its position in First Solar by 17.2% in the first quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer’s stock worth $349,617,000 after purchasing an additional 405,457 shares during the period. Invesco Ltd. increased its position in First Solar by 32.3% in the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock worth $306,909,000 after purchasing an additional 592,444 shares during the period. Samlyn Capital LLC increased its position in First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock worth $220,215,000 after purchasing an additional 103,403 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in First Solar by 20.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer’s stock worth $220,118,000 after purchasing an additional 290,112 shares during the period. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at First Solar

In related news, CAO Nathan B. Theurer sold 686 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark R. Widmar sold 23,912 shares of the business’s 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 completion of the transaction, the chief executive officer owned 87,978 shares of the company’s stock, valued at $16,317,279.66. This represents a 21.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,715 shares of company stock valued at $5,733,305 over the last quarter. 0.48% of the stock is owned by insiders.

First Solar Price Performance

Shares of FSLR opened at $247.69 on Tuesday. 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 stock has a 50 day simple moving average of $215.80 and a 200 day simple moving average of $180.04. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $249.56. The firm has a market capitalization of $26.56 billion, a PE ratio of 21.19, a P/E/G ratio of 0.46 and a beta of 1.38.

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

Analyst Ratings Changes

A number of brokerages recently commented on FSLR. UBS Group reiterated a “buy” rating and issued a $275.00 price objective (up from $255.00) on shares of First Solar in a research report on Tuesday, August 5th. Citigroup lifted their price objective on First Solar from $198.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Robert W. Baird boosted their target price on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, The Goldman Sachs Group boosted their target price on First Solar from $283.00 to $293.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.37.

About First Solar

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.