AG2R LA Mondiale Gestion D Actifs Invests $1.01 Million in First Solar, Inc. $FSLR

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 7,953 shares of First Solar, Inc. for approximately $1,005,000 as part of their first-quarter investments.
• Institutional investors collectively own 92.08% of First Solar's stock, with notable increases in holdings from companies like Vanguard Group Inc. and Invesco Ltd.
• Analysts have a positive outlook on First Solar, with multiple firms raising their price targets, resulting in an average target price of $225.84 and an overall rating of "Moderate Buy."

AG2R LA Mondiale Gestion D Actifs bought a new position in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,953 shares of the solar cell manufacturer's stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSLR. Garde Capital Inc. acquired a new stake in shares of First Solar during the first quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of First Solar during the first quarter worth approximately $25,000. Larson Financial Group LLC boosted its holdings in shares of First Solar by 591.9% during the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock worth $32,000 after purchasing an additional 219 shares during the period. Colonial Trust Advisors acquired a new stake in shares of First Solar during the first quarter worth approximately $32,000. Finally, Abound Financial LLC acquired a new stake in shares of First Solar during the first quarter worth approximately $45,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Stock Performance

FSLR stock traded down $1.75 during midday trading on Tuesday, reaching $205.25. 1,845,705 shares of the company were exchanged, compared to its average volume of 2,352,370. 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 50-day moving average price of $188.89 and a two-hundred day moving average price of $160.25. First Solar, Inc. has a one year low of $116.56 and a one year high of $262.72. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 0.41 and a beta of 1.41.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its 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. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm 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. Equities research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FSLR. Mizuho lifted their price target on shares of First Solar from $275.00 to $278.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of First Solar from $200.00 to $208.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. BMO Capital Markets increased their price objective on shares of First Solar from $194.00 to $203.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen raised shares of First Solar from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Glj Research reaffirmed a "buy" rating and set a $214.06 price target (up from $172.53) on shares of First Solar in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.84.

Insider Activity at First Solar

In related news, CAO Nathan B. Theurer sold 686 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark R. Widmar sold 23,912 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total value of $4,434,958.64. Following the completion of the transaction, the chief executive officer directly owned 87,978 shares of the company's stock, valued at approximately $16,317,279.66. This trade represents a 21.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,315 shares of company stock valued at $6,021,305 over the last quarter. 0.48% of the stock is owned by corporate insiders.

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.