Motley Fool Asset Management LLC Sells 54 Shares of First Solar, Inc. $FSLR

Motley Fool Asset Management LLC lessened its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 3.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,726 shares of the solar cell manufacturer’s stock after selling 54 shares during the period. Motley Fool Asset Management LLC’s holdings in First Solar were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of First Solar by 3.0% during the first quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer’s stock valued at $1,668,919,000 after acquiring an additional 378,641 shares in the last quarter. Wellington Management Group LLP raised its holdings in First Solar by 17.2% in the first quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer’s stock worth $349,617,000 after purchasing an additional 405,457 shares in the last quarter. Invesco Ltd. raised its holdings in First Solar by 32.3% in the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer’s stock worth $306,909,000 after purchasing an additional 592,444 shares in the last quarter. Samlyn Capital LLC raised its holdings in First Solar by 6.3% in the first quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer’s stock worth $220,215,000 after purchasing an additional 103,403 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in First Solar by 20.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer’s stock worth $220,118,000 after purchasing an additional 290,112 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $239.60 on Wednesday. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $249.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The business has a fifty day moving average price of $216.38 and a 200-day moving average price of $180.86. The company has a market capitalization of $25.70 billion, a PE ratio of 20.50, a PEG ratio of 0.47 and a beta of 1.38.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, beating 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $3.25 earnings per share. The company’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. As a group, equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Buying and Selling at First Solar

In other news, CEO Mark R. Widmar sold 23,912 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was 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 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 through the SEC website. 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 value of $124,872.58. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,715 shares of company stock valued at $5,733,305 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI assumed coverage on First Solar in a report on Monday, October 6th. They issued an “in-line” rating and a $240.00 price objective for the company. Morgan Stanley increased their price objective on First Solar from $215.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. TD Cowen increased their price objective on First Solar from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price objective on First Solar from $283.00 to $293.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and a consensus price target of $244.81.

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.