JNBA Financial Advisors Has $642,000 Holdings in First Solar, Inc. $FSLR

JNBA Financial Advisors raised its position in First Solar, Inc. (NASDAQ:FSLR) by 10.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,879 shares of the solar cell manufacturer’s stock after purchasing an additional 356 shares during the quarter. JNBA Financial Advisors’ holdings in First Solar were worth $642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aberdeen Group plc boosted its position in First Solar by 12.3% in the second quarter. Aberdeen Group plc now owns 142,203 shares of the solar cell manufacturer’s stock valued at $23,540,000 after buying an additional 15,544 shares in the last quarter. Grace & White Inc. NY boosted its position in First Solar by 3.3% in the second quarter. Grace & White Inc. NY now owns 81,875 shares of the solar cell manufacturer’s stock valued at $13,554,000 after buying an additional 2,600 shares in the last quarter. L. Roy Papp & Associates LLP boosted its position in First Solar by 18.6% in the second quarter. L. Roy Papp & Associates LLP now owns 2,265 shares of the solar cell manufacturer’s stock valued at $375,000 after buying an additional 356 shares in the last quarter. Mengis Capital Management Inc. lifted its position in shares of First Solar by 44.0% during the second quarter. Mengis Capital Management Inc. now owns 5,743 shares of the solar cell manufacturer’s stock worth $951,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Triodos Investment Management BV lifted its position in shares of First Solar by 10.3% during the second quarter. Triodos Investment Management BV now owns 274,100 shares of the solar cell manufacturer’s stock worth $45,342,000 after purchasing an additional 25,600 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 2,321 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $199.44, for a total value of $462,900.24. Following the completion of the sale, the chief executive officer owned 81,861 shares of the company’s stock, valued at approximately $16,326,357.84. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nathan B. Theurer sold 686 shares of the company’s stock in a transaction that occurred 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. Insiders sold 30,715 shares of company stock valued at $5,733,305 in the last ninety days. Insiders own 0.48% of the company’s stock.

First Solar Trading Down 3.6%

FSLR opened at $225.91 on Friday. 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 company has a market cap of $24.23 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.38. The firm has a 50 day simple moving average of $206.10 and a 200 day simple moving average of $171.33. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $237.20.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, topping 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%. First Solar’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analysts Set New Price Targets

FSLR has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of First Solar in a research report on Monday. They set an “in-line” rating and a $240.00 target price on the stock. Bank of America upped their target price on shares of First Solar from $185.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of First Solar in a research report on Wednesday. Wall Street Zen upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets upped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and a consensus price target of $231.04.

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.