Sage Private Wealth Group LLC Buys 1,260 Shares of First Solar, Inc. $FSLR

Sage Private Wealth Group LLC increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 71.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,020 shares of the solar cell manufacturer’s stock after purchasing an additional 1,260 shares during the period. Sage Private Wealth Group LLC’s holdings in First Solar were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSLR. Harvest Portfolios Group Inc. boosted its stake in shares of First Solar by 3.9% in the first 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 during the period. Legend Financial Advisors Inc. raised its stake in First Solar by 1.4% during the 1st quarter. Legend Financial Advisors Inc. now owns 4,726 shares of the solar cell manufacturer’s stock valued at $598,000 after purchasing an additional 64 shares during the period. Harrington Investments INC lifted its holdings in 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 purchasing an additional 65 shares in the last quarter. Energy Income Partners LLC boosted its stake in 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 purchasing an additional 72 shares during the period. Finally, Horizon Investments LLC boosted its stake in 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 purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the topic of several recent analyst reports. Glj Research reiterated a “buy” rating and set a $214.06 price objective (up previously from $172.53) on shares of First Solar in a research report on Tuesday, August 12th. Mizuho lifted their price target 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. Guggenheim boosted their price target on shares of First Solar from $202.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Royal Bank Of Canada raised their price objective on First Solar from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group lifted their target price on First Solar from $212.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and an average target price of $240.56.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 23,912 shares of the business’s stock in a transaction 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 owned 87,978 shares in the company, valued at $16,317,279.66. The trade was a 21.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction 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. In the last three months, insiders have sold 30,715 shares of company stock worth $5,733,305. Corporate insiders own 0.48% of the company’s stock.

First Solar Stock Down 2.7%

Shares of NASDAQ FSLR opened at $237.79 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. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $248.04. The firm’s 50-day moving average price is $209.93 and its 200-day moving average price is $174.27. The stock has a market capitalization of $25.50 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 0.49 and a beta of 1.38.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $3.25 earnings per share. The firm’s 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. On average, equities research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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.