Candriam S.C.A. Has $14.62 Million Stock Position in First Solar, Inc. $FSLR

Candriam S.C.A. reduced its stake in First Solar, Inc. (NASDAQ:FSLR) by 46.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,331 shares of the solar cell manufacturer’s stock after selling 76,863 shares during the period. Candriam S.C.A. owned 0.08% of First Solar worth $14,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC bought a new position in First Solar during the first quarter worth about $25,000. TD Private Client Wealth LLC raised its position in shares of First Solar by 126.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares during the period. Harbor Investment Advisory LLC boosted its stake 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 worth $28,000 after acquiring an additional 100 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Finally, Larson Financial Group LLC increased its stake in First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock valued at $32,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 4.1%

Shares of First Solar stock opened at $256.59 on Friday. The firm has a market cap of $27.53 billion, a PE ratio of 21.95, a P/E/G ratio of 0.46 and a beta of 1.51. The business’s 50 day simple moving average is $231.85 and its 200 day simple moving average is $191.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $281.55.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FSLR. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of First Solar in a research note on Wednesday, October 8th. Barclays restated an “overweight” rating and issued a $279.00 price target on shares of First Solar in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price objective on First Solar from $201.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Citigroup increased their target price on First Solar from $198.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and a consensus target price of $269.79.

Insider Activity at First Solar

In other First Solar news, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total value of $9,914,554.12. Following the sale, the insider directly owned 15,424 shares in the company, valued at approximately $4,087,514.24. The trade was a 70.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the sale, the director directly owned 13,662 shares in the company, valued at $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 48,912 shares of company stock valued at $12,971,349. Corporate insiders own 0.48% of the company’s stock.

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.