Boston Common Asset Management LLC Sells 8,771 Shares of First Solar, Inc. $FSLR

Boston Common Asset Management LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 15.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 47,786 shares of the solar cell manufacturer’s stock after selling 8,771 shares during the quarter. Boston Common Asset Management LLC’s holdings in First Solar were worth $7,910,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Harvest Portfolios Group Inc. grew its stake in shares of First Solar by 3.9% in the 1st quarter. Harvest Portfolios Group Inc. now owns 1,658 shares of the solar cell manufacturer’s stock worth $210,000 after acquiring an additional 63 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in shares of First Solar by 1.4% in the 1st quarter. Legend Financial Advisors Inc. now owns 4,726 shares of the solar cell manufacturer’s stock worth $598,000 after buying an additional 64 shares during the last quarter. Harrington Investments INC boosted its holdings in shares of First Solar by 0.5% in the 2nd quarter. Harrington Investments INC now owns 13,278 shares of the solar cell manufacturer’s stock worth $2,198,000 after buying an additional 65 shares during the last quarter. Energy Income Partners LLC boosted its holdings in shares of First Solar by 0.8% in the 1st quarter. Energy Income Partners LLC now owns 9,257 shares of the solar cell manufacturer’s stock worth $1,170,000 after buying an additional 72 shares during the last quarter. Finally, Horizon Investments LLC boosted its holdings in shares of First Solar by 5.1% in the 1st quarter. Horizon Investments LLC now owns 1,537 shares of the solar cell manufacturer’s stock worth $194,000 after buying an additional 74 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Insider Buying and Selling

In other First Solar news, CEO Mark R. Widmar sold 23,912 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Insiders have sold 30,715 shares of company stock worth $5,733,305 over the last quarter. Company insiders own 0.48% of the company’s stock.

First Solar Stock Down 0.9%

FSLR stock opened at $230.13 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $201.18 and its 200 day moving average is $168.15. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 0.45 and a beta of 1.38. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $240.60.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $3.25 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of research analyst reports. Hsbc Global Res raised shares of First Solar to a “strong-buy” rating in a report on Friday, August 1st. Mizuho upped their price objective on shares of First Solar from $275.00 to $278.00 and gave the company an “outperform” rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of First Solar from $241.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Wall Street Zen raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a $275.00 price objective (up from $255.00) on shares of First Solar in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.04.

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.