Cwm LLC Acquires 43,437 Shares of First Solar, Inc. $FSLR

Cwm LLC grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 2,116.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 45,489 shares of the solar cell manufacturer’s stock after acquiring an additional 43,437 shares during the period. Cwm LLC’s holdings in First Solar were worth $7,530,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock worth $25,000 after buying an additional 85 shares during the period. Harbor Investment Advisory LLC increased its position in shares of First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock worth $28,000 after buying an additional 100 shares during the period. Garde Capital Inc. acquired a new stake in shares of First Solar during the first quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of First Solar during the first quarter worth $25,000. Finally, First Pacific Financial acquired a new stake in shares of First Solar during the second quarter worth $41,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 0.8%

First Solar stock opened at $224.43 on Wednesday. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $237.20. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 0.45 and a beta of 1.38. The firm’s fifty day moving average price is $207.70 and its two-hundred day moving average price is $173.01. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $3.25 earnings per share. The business’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. On average, equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Solar news, CAO Nathan B. Theurer sold 686 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark R. Widmar sold 23,912 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the completion of the transaction, the chief executive officer directly owned 87,978 shares in the company, valued at $16,317,279.66. This trade represents a 21.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,715 shares of company stock worth $5,733,305 over the last ninety days. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FSLR. UBS Group reiterated a “buy” rating and set a $275.00 price objective (up from $255.00) on shares of First Solar in a research report on Tuesday, August 5th. BMO Capital Markets increased their price objective on shares of First Solar from $194.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Robert W. Baird increased their price objective on shares of First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of First Solar in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on shares of First Solar from $185.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.60.

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.