Banque Transatlantique SA Has $654,000 Stock Holdings in First Solar, Inc. $FSLR

Banque Transatlantique SA raised its position in First Solar, Inc. (NASDAQ:FSLR) by 900.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,500 shares of the solar cell manufacturer’s stock after buying an additional 2,250 shares during the quarter. Banque Transatlantique SA’s holdings in First Solar were worth $654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of First Solar during the fourth quarter worth $662,000. MV Capital Management Inc. acquired a new position in shares of First Solar during the fourth quarter valued at $30,000. Capstone Wealth Management Inc. bought a new position in First Solar in the fourth quarter valued at about $212,000. Compound Planning Inc. boosted its holdings in First Solar by 20.3% in the fourth quarter. Compound Planning Inc. now owns 1,190 shares of the solar cell manufacturer’s stock valued at $311,000 after acquiring an additional 201 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in First Solar by 28.2% in the fourth quarter. Corient Private Wealth LLC now owns 18,609 shares of the solar cell manufacturer’s stock worth $4,861,000 after purchasing an additional 4,096 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar News Roundup

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: First Solar drew fresh investor interest after a rating shift, which can boost trading momentum and sentiment around the stock. First Solar Stock Draws Fresh Buzz After Rating Shift
• Positive Sentiment: Several recent articles highlighted First Solar as a long-term value idea, reinforcing the view that the stock may still have upside after its strong run. Why First Solar (FSLR) is a Top Value Stock for the Long-Term
• Positive Sentiment: First Solar also appeared in analyst-research roundups, keeping the company in the spotlight and supporting trading interest. Here Are Wednesday’s Best Wall Street Analyst Research Calls…
• Neutral Sentiment: Zacks noted that First Solar has been among its most searched stocks recently, suggesting elevated investor curiosity but not a direct fundamental catalyst. Investors Heavily Search First Solar, Inc. (FSLR): Here is What You Need to Know
• Negative Sentiment: Sanford C. Bernstein reportedly downgraded First Solar to “strong sell,” which is a cautionary signal and could limit further upside if investors focus on the negative call. Zacks.com

First Solar Price Performance

Shares of FSLR opened at $257.70 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 1 year low of $139.26 and a 1 year high of $320.95. The stock has a market cap of $27.69 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The stock’s 50-day moving average price is $237.39 and its two-hundred day moving average price is $233.27.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.35. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. On average, equities analysts predict that First Solar, Inc. will post 17.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several recent research reports. Royal Bank Of Canada dropped their price objective on First Solar from $258.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Robert W. Baird reiterated a “neutral” rating and set a $205.00 price target (down from $264.00) on shares of First Solar in a research report on Wednesday, February 25th. Barclays dropped their price target on shares of First Solar from $228.00 to $213.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. BMO Capital Markets cut their price objective on shares of First Solar from $252.00 to $237.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Finally, Sanford C. Bernstein assumed coverage on shares of First Solar in a research note on Tuesday. They issued an “underperform” rating and a $217.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.78.

Insider Activity

In other First Solar news, CEO Mark R. Widmar sold 9,926 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $233.21, for a total value of $2,314,842.46. Following the sale, the chief executive officer directly owned 95,148 shares in the company, valued at approximately $22,189,465.08. This trade represents a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kuntal Kumar Verma sold 582 shares of First Solar stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $250.00, for a total transaction of $145,500.00. Following the transaction, the insider directly owned 4,967 shares in the company, valued at approximately $1,241,750. This represents a 10.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,466 shares of company stock valued at $8,014,105. 0.39% of the stock is currently owned by company insiders.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.