First Solar, Inc. $FSLR Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 81.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,484 shares of the solar cell manufacturer’s stock after selling 10,972 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Solar were worth $453,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FSLR. Wealth Enhancement Advisory Services LLC boosted its stake in First Solar by 25.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,677 shares of the solar cell manufacturer’s stock worth $971,000 after purchasing an additional 1,543 shares during the period. Exchange Traded Concepts LLC boosted its stake in First Solar by 49.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the solar cell manufacturer’s stock worth $218,000 after purchasing an additional 574 shares during the period. Janney Montgomery Scott LLC boosted its stake in First Solar by 226.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,264 shares of the solar cell manufacturer’s stock worth $2,688,000 after purchasing an additional 14,751 shares during the period. State of Alaska Department of Revenue boosted its stake in First Solar by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 12,529 shares of the solar cell manufacturer’s stock worth $1,584,000 after purchasing an additional 320 shares during the period. Finally, Praxis Investment Management Inc. raised its position in First Solar by 131.2% during the 1st quarter. Praxis Investment Management Inc. now owns 4,300 shares of the solar cell manufacturer’s stock worth $544,000 after buying an additional 2,440 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

FSLR has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of First Solar from $194.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of First Solar from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Glj Research restated 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. Hsbc Global Res upgraded shares of First Solar to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Evercore ISI initiated coverage on shares of First Solar in a research report on Monday, October 6th. They set an “in-line” rating and a $240.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus price target of $240.56.

Insider Transactions at First Solar

In other news, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark R. Widmar sold 23,912 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 87,978 shares of the company’s stock, valued at $16,317,279.66. This represents a 21.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,715 shares of company stock valued at $5,733,305 in the last quarter. Insiders own 0.48% of the company’s stock.

First Solar Stock Performance

Shares of FSLR opened at $231.85 on Monday. The company has a 50-day simple moving average of $210.88 and a 200-day simple moving average of $175.58. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $24.87 billion, a PE ratio of 19.83, a P/E/G ratio of 0.44 and a beta of 1.38. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $248.04.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.50. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

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.