Creative Planning Purchases 5,789 Shares of First Solar, Inc. $FSLR

Creative Planning lifted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 33.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,341 shares of the solar cell manufacturer’s stock after purchasing an additional 5,789 shares during the period. Creative Planning’s holdings in First Solar were worth $3,864,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SFE Investment Counsel lifted its holdings in shares of First Solar by 9.1% during the 2nd quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock worth $11,556,000 after acquiring an additional 5,852 shares during the period. Cetera Investment Advisers lifted its stake in First Solar by 10.9% during the first quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer’s stock worth $3,216,000 after purchasing an additional 2,510 shares during the period. Raymond James Financial Inc. boosted its holdings in First Solar by 57.2% during the first quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock valued at $5,562,000 after purchasing an additional 16,003 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. boosted its holdings in First Solar by 18.2% during the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 101,659 shares of the solar cell manufacturer’s stock valued at $12,853,000 after purchasing an additional 15,656 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of First Solar in the 2nd quarter valued at approximately $1,323,000. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 1.7%

Shares of NASDAQ FSLR opened at $249.91 on Friday. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $281.55. The company has a 50-day moving average of $237.58 and a two-hundred day moving average of $196.52. The company has a market cap of $26.82 billion, a PE ratio of 21.38, a P/E/G ratio of 0.46 and a beta of 1.51. 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 issued its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business earned $2.91 EPS. The business’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. As a group, equities analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on FSLR. Deutsche Bank Aktiengesellschaft raised their target price on First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Glj Research boosted their target price on shares of First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Rothschild & Co Redburn upped their target price on shares of First Solar from $150.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. TD Cowen lifted their price target on shares of First Solar from $240.00 to $260.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $273.00 price objective on shares of First Solar in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.79.

Insider Transactions at First Solar

In related news, Director Michael T. Sweeney sold 4,500 shares of First Solar stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director directly owned 13,662 shares in the company, valued at $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 7,000 shares of the company’s stock in a transaction dated 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 owned 15,287 shares in the company, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,912 shares of company stock worth $12,971,349 over the last 90 days. 0.48% of the stock is owned by insiders.

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.