First Solar, Inc. $FSLR Shares Bought by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its holdings in First Solar by 46.4%, owning 7,283 shares worth approximately $921,000 as of its latest 13F filing.
• Several large investors have also raised their stakes in First Solar, with 92.08% of the stock currently owned by institutional investors and hedge funds.
• First Solar recently reported an EPS of $3.18 for the last quarter, exceeding analyst estimates, with a revenue of $1.10 billion, up 8.6% year-over-year.

Advisors Asset Management Inc. raised its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,283 shares of the solar cell manufacturer's stock after buying an additional 2,308 shares during the period. Advisors Asset Management Inc.'s holdings in First Solar were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position 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 buying an additional 378,641 shares during the period. Wellington Management Group LLP increased its stake in First Solar by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer's stock worth $349,617,000 after buying an additional 405,457 shares during the period. Invesco Ltd. increased its stake in First Solar by 32.3% in the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer's stock worth $306,909,000 after buying an additional 592,444 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in First Solar by 9.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,450,914 shares of the solar cell manufacturer's stock worth $255,709,000 after buying an additional 120,239 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in First Solar by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,357 shares of the solar cell manufacturer's stock worth $177,295,000 after buying an additional 152,757 shares during the period. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Stock Performance

NASDAQ:FSLR traded down $1.61 during mid-day trading on Friday, hitting $201.70. The company's stock had a trading volume of 1,238,781 shares, compared to its average volume of 3,216,098. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $262.72. 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 stock has a market cap of $21.63 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.40 and a beta of 1.41. The business's fifty day moving average is $187.50 and its two-hundred day moving average is $159.30.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating the consensus estimate of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $3.25 earnings per share. The firm'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. Analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Transactions at First Solar

In other news, insider Patrick James Buehler sold 1,600 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $180.00, for a total transaction of $288,000.00. Following the sale, the insider directly owned 4,398 shares of the company's stock, valued at $791,640. This represents a 26.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction dated Thursday, August 14th. The stock was 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 have sold a total of 32,315 shares of company stock valued at $6,021,305 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FSLR. Guggenheim lifted their price target on shares of First Solar from $202.00 to $287.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Jefferies Financial Group set a $194.00 price objective on shares of First Solar and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Hsbc Global Res raised shares of First Solar to a "strong-buy" rating in a research note on Friday, August 1st. TD Cowen upped their price target on First Solar from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group upped their price target on First Solar from $204.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, First Solar currently has an average rating of "Moderate Buy" and a consensus price target of $225.84.

First Solar Company 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.