Paul Stebbins Sells 7,000 Shares of First Solar (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) Director Paul Stebbins sold 7,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares in the company, valued at approximately $4,011,308.80. This represents a 31.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Solar Trading Up 1.9%

First Solar stock traded up $5.00 during mid-day trading on Monday, hitting $272.64. The company’s stock had a trading volume of 2,139,934 shares, compared to its average volume of 3,471,740. The business has a 50 day moving average price of $226.52 and a 200-day moving average price of $188.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $281.55. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC boosted its holdings in First Solar by 1.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 2,287 shares of the solar cell manufacturer’s stock worth $504,000 after acquiring an additional 39 shares in the last quarter. Signaturefd LLC increased its holdings in shares of First Solar by 2.6% during the third quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock valued at $414,000 after acquiring an additional 47 shares in the last quarter. Figure 8 Investment Strategies LLC raised its position in shares of First Solar by 0.6% in the 3rd quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock worth $1,790,000 after purchasing an additional 48 shares during the last quarter. Hemington Wealth Management boosted its stake in First Solar by 22.9% in the 3rd quarter. Hemington Wealth Management now owns 306 shares of the solar cell manufacturer’s stock worth $67,000 after purchasing an additional 57 shares in the last quarter. Finally, Assetmark Inc. grew its position in First Solar by 14.9% during the 3rd quarter. Assetmark Inc. now owns 448 shares of the solar cell manufacturer’s stock valued at $99,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Mizuho boosted their price target on shares of First Solar from $278.00 to $335.00 in a research report on Friday, October 31st. Jefferies Financial Group set a $269.00 target price on First Solar and gave the stock a “buy” rating in a research report on Friday, October 31st. Glj Research raised their target price on First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Seaport Global Securities lifted their price target on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, DZ Bank downgraded First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $270.17.

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.