Edgemoor Investment Advisors Inc. Acquires 2,287 Shares of First Solar, Inc. $FSLR

Edgemoor Investment Advisors Inc. grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 41.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,807 shares of the solar cell manufacturer’s stock after buying an additional 2,287 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in First Solar were worth $2,039,000 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. Impact Partnership Wealth LLC acquired a new position in shares of First Solar during the 4th quarter worth approximately $247,000. Forsta AP Fonden lifted its holdings in First Solar by 43.3% during the 4th quarter. Forsta AP Fonden now owns 33,400 shares of the solar cell manufacturer’s stock valued at $8,725,000 after purchasing an additional 10,100 shares during the last quarter. Norges Bank acquired a new stake in First Solar during the 4th quarter valued at $392,040,000. Fort Sheridan Advisors LLC boosted its position in First Solar by 0.8% during the fourth quarter. Fort Sheridan Advisors LLC now owns 6,816 shares of the solar cell manufacturer’s stock worth $1,781,000 after purchasing an additional 57 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of First Solar in the fourth quarter valued at $14,536,000. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FSLR. Glj Research lowered shares of First Solar from a “buy” rating to a “hold” rating and dropped their price objective for the company from $314.43 to $207.82 in a research report on Wednesday, March 4th. Royal Bank Of Canada decreased their price target on shares of First Solar from $258.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Barclays cut their price objective on shares of First Solar from $228.00 to $213.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Guggenheim boosted their price objective on First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, HSBC upped their target price on First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.40.

Insiders Place Their Bets

In other news, CTO Markus Gloeckler sold 3,640 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $196.95, for a total transaction of $716,898.00. Following the completion of the transaction, the chief technology officer owned 8,037 shares of the company’s stock, valued at approximately $1,582,887.15. This trade represents a 31.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the transaction, the general counsel owned 9,850 shares in the company, valued at approximately $1,966,257. This trade represents a 47.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,827 shares of company stock worth $20,006,930 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Key Stories Impacting First Solar

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

• Positive Sentiment: GLJ Research upgraded First Solar to Buy from Hold and raised its price target, giving traders a fresh catalyst and helping fuel the latest jump in shares. First Solar (FSLR) Shares Skyrocket, What You Need To Know
• Positive Sentiment: Investor interest is being boosted by expectations for potential U.S. trade-policy developments, including a possible Section 232 backdrop that could support domestically produced solar modules and improve pricing power for First Solar. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum
• Positive Sentiment: The stock is also benefiting from post-earnings momentum, a breakout to fresh highs, and broader enthusiasm for solar names tied to rising AI data-center electricity demand. Solar Stocks To Watch As AI Drives Energy Demand
• Neutral Sentiment: Multiple recent articles note that First Solar is breaking out and attracting momentum traders, which can amplify moves as investors chase strength. Stock Market Today: Indexes Rise On U.S.-Iran Deal Hopes; Snowflake Surges, First Solar Breaks Out (Live Coverage)
• Neutral Sentiment: Analyst coverage remains supportive overall, with a recent consensus rating of “Moderate Buy,” reinforcing a constructive longer-term view. First Solar, Inc. Receives Consensus Rating of “Moderate Buy” from Analysts
• Negative Sentiment: Despite the rally, insider activity has shown heavy selling over the past six months, which may temper enthusiasm for some investors. First Solar shares jump as investors bet on favorable U.S. trade-policy backdrop and extend post-earnings momentum

First Solar Stock Performance

First Solar stock opened at $306.79 on Friday. The business’s 50-day moving average price is $213.45 and its two-hundred day moving average price is $231.67. The stock has a market cap of $32.96 billion, a PE ratio of 19.82, a P/E/G ratio of 0.67 and a beta of 1.57. First Solar, Inc. has a 12-month low of $135.50 and a 12-month high of $313.75. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, analysts expect that First Solar, Inc. will post 17.64 earnings per share for the current fiscal year.

About First Solar

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.