First Solar, Inc. $FSLR Stock Holdings Lifted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its position in First Solar, Inc. (NASDAQ:FSLR) by 15.4% during the second quarter, HoldingsChannel.com reports. The firm owned 8,305 shares of the solar cell manufacturer’s stock after buying an additional 1,111 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in First Solar were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSLR. Nuveen LLC purchased a new position in First Solar in the first quarter valued at about $114,730,000. Canada Pension Plan Investment Board lifted its position in shares of First Solar by 16,857.8% in the first quarter. Canada Pension Plan Investment Board now owns 759,033 shares of the solar cell manufacturer’s stock worth $95,965,000 after buying an additional 754,557 shares during the last quarter. Invesco Ltd. lifted its position in shares of 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 buying an additional 592,444 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of First Solar by 22,107.8% in the first quarter. Jones Financial Companies Lllp now owns 512,556 shares of the solar cell manufacturer’s stock worth $64,802,000 after buying an additional 510,248 shares during the last quarter. Finally, Hill City Capital LP lifted its position in shares of First Solar by 59.4% in the first quarter. Hill City Capital LP now owns 1,355,000 shares of the solar cell manufacturer’s stock worth $171,313,000 after buying an additional 505,000 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Activity

In related news, 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark R. Widmar sold 23,912 shares of the business’s stock in a transaction dated 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 $16,317,279.66. This represents a 21.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,715 shares of company stock worth $5,733,305 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $266.94 on Monday. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $269.67. 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 market capitalization of $28.63 billion, a PE ratio of 22.83, a P/E/G ratio of 0.46 and a beta of 1.38. The stock has a 50-day simple moving average of $219.21 and a 200 day simple moving average of $183.78.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted $2.91 EPS. First Solar’s revenue for the quarter was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FSLR. Robert W. Baird boosted their price target on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Wall Street Zen raised First Solar from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Roth Capital set a $300.00 price target on First Solar in a research report on Friday. Needham & Company LLC began coverage on First Solar in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $316.00 price target on shares of First Solar in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.23.

First Solar 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.