First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 67.3% during the 1st quarter, Holdings Channel reports. The firm owned 2,756 shares of the solar cell manufacturer’s stock after selling 5,666 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in First Solar were worth $325,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of First Solar by 95.9% during the fourth quarter. Empowered Funds LLC now owns 14,507 shares of the solar cell manufacturer’s stock valued at $2,557,000 after acquiring an additional 7,103 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of First Solar during the fourth quarter valued at $2,644,000. Gladstone Institutional Advisory LLC boosted its stake in shares of First Solar by 19.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,073 shares of the solar cell manufacturer’s stock valued at $365,000 after acquiring an additional 334 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of First Solar by 665.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,192 shares of the solar cell manufacturer’s stock valued at $7,308,000 after acquiring an additional 34,074 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of First Solar by 4.9% during the fourth quarter. Van ECK Associates Corp now owns 45,139 shares of the solar cell manufacturer’s stock valued at $7,955,000 after acquiring an additional 2,102 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Buying and Selling at First Solar

In other First Solar news, insider Georges Antoun sold 229 shares of First Solar stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $30,628.75. Following the sale, the insider now owns 52,836 shares of the company’s stock, valued at $7,066,815. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark R. Widmar sold 1,966 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $262,952.50. Following the completion of the sale, the chief executive officer now directly owns 111,890 shares in the company, valued at $14,965,287.50. This represents a 1.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,948 shares of company stock valued at $2,704,927 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

First Solar Stock Up 4.4%

Shares of First Solar stock opened at $175.20 on Friday. The business’s fifty day moving average price is $147.77 and its two-hundred day moving average price is $158.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market capitalization of $18.79 billion, a P/E ratio of 15.09, a PEG ratio of 0.19 and a beta of 1.53. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $290.90.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.55). The business had revenue of $844.57 million for the quarter, compared to the consensus estimate of $863.11 million. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. As a group, research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price objective on shares of First Solar in a research note on Wednesday, February 26th. Susquehanna cut their price objective on First Solar from $223.00 to $217.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Glj Research upgraded First Solar from a “hold” rating to a “buy” rating and set a $172.37 price objective on the stock in a report on Thursday, May 1st. Truist Financial reiterated a “buy” rating and issued a $200.00 target price (down previously from $245.00) on shares of First Solar in a research note on Thursday, May 1st. Finally, Wolfe Research upgraded First Solar from a “peer perform” rating to an “outperform” rating and set a $221.00 price objective for the company in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.19.

First Solar Company 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.