First Solar (NASDAQ:FSLR) Stock Price Expected to Rise, Rothschild & Co Redburn Analyst Says

First Solar (NASDAQ:FSLR) had its price target upped by investment analysts at Rothschild & Co Redburn from $150.00 to $260.00 in a report released on Thursday,MarketScreener reports. The firm presently has a “neutral” rating on the solar cell manufacturer’s stock. Rothschild & Co Redburn’s target price would suggest a potential downside of 0.73% from the stock’s previous close.

A number of other research analysts have also commented on the company. Robert W. Baird increased their price objective on First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Guggenheim increased their price objective on First Solar from $287.00 to $289.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Barclays reiterated an “overweight” rating and issued a $279.00 price objective on shares of First Solar in a research report on Monday, November 3rd. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Evercore ISI boosted their price objective on shares of First Solar from $240.90 to $241.00 in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.79.

First Solar Stock Performance

NASDAQ:FSLR traded down $5.61 during mid-day trading on Thursday, hitting $261.91. The stock had a trading volume of 885,028 shares, compared to its average volume of 3,443,399. 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 has a 52 week low of $116.56 and a 52 week high of $281.55. The company has a 50 day simple moving average of $230.76 and a 200-day simple moving average of $191.07. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 0.46 and a beta of 1.51.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company’s revenue for the quarter was up 79.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, research analysts expect that First Solar will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling at First Solar

In other news, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares in the company, valued at $3,703,904.82. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the sale, the insider owned 15,424 shares in the company, valued at $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 51,233 shares of company stock valued at $13,434,249. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On First Solar

Institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC raised its stake in First Solar by 126.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after buying an additional 85 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar in the 2nd quarter worth $26,000. Harbor Investment Advisory LLC raised its holdings in First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares during the period. Hantz Financial Services Inc. lifted its stake in First Solar by 69.4% in the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new position in First Solar in the 1st quarter worth about $25,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

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.