Blue Jean Financial LLC Purchases New Stake in First Solar, Inc. $FSLR

Blue Jean Financial LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,893 shares of the solar cell manufacturer’s stock, valued at approximately $1,539,000.

Several other hedge funds have also added to or reduced their stakes in FSLR. Woodline Partners LP increased its holdings in shares of First Solar by 40.7% in the first quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock valued at $1,143,000 after purchasing an additional 2,615 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of First Solar by 50.9% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after purchasing an additional 174 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of First Solar in the second quarter valued at $494,000. Finally, AXA S.A. increased its holdings in shares of First Solar by 6.3% in the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer’s stock valued at $3,122,000 after purchasing an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Down 1.4%

FSLR opened at $267.31 on Friday. First Solar, Inc. has a fifty-two week low of $135.50 and a fifty-two week high of $320.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The company has a market capitalization of $28.72 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.59 and a beta of 1.71. The stock has a fifty day moving average of $231.95 and a 200-day moving average of $233.65.

First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. On average, equities analysts expect that First Solar, Inc. will post 17.61 EPS for the current year.

Insider Activity at First Solar

In related news, insider Caroline Stockdale sold 10,628 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the transaction, the insider owned 23,792 shares in the company, valued at approximately $6,557,075.20. This trade represents a 30.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alexander R. Bradley sold 498 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $107,383.74. Following the completion of the transaction, the chief financial officer owned 30,712 shares in the company, valued at $6,622,428.56. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 60,694 shares of company stock valued at $13,659,583. 0.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on FSLR. Wall Street Zen downgraded shares of First Solar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Robert W. Baird reiterated a “neutral” rating and issued a $205.00 price objective (down from $264.00) on shares of First Solar in a report on Wednesday, February 25th. Citigroup lowered their price objective on First Solar from $300.00 to $243.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Barclays dropped their target price on First Solar from $228.00 to $213.00 and set an “overweight” rating for the company in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $250.99.

Key Headlines Impacting First Solar

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

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

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.