First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its stake in First Solar, Inc. by 31.6%, owning 13,456 shares valued at approximately $1.7 million as of the latest SEC filing.
• First Solar reported earnings of $3.18 per share, exceeding analysts' expectations of $2.68, and its revenue for the quarter reached $1.10 billion, up 8.6% year-over-year.
• Brokerages have adjusted their ratings on First Solar, with a consensus target price of $222.67 and multiple "buy" ratings, indicating strong market confidence in the stock's performance.

Atria Wealth Solutions Inc. boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 31.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,456 shares of the solar cell manufacturer's stock after purchasing an additional 3,234 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in First Solar were worth $1,701,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in shares of First Solar in the 1st quarter worth about $25,000. Larson Financial Group LLC grew its position in shares of 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 during the last quarter. Abound Financial LLC acquired a new stake in shares of First Solar in the first quarter valued at approximately $45,000. Princeton Global Asset Management LLC acquired a new stake in shares of First Solar in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of First Solar in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Buying and Selling

In related news, insider Michael Koralewski sold 2,951 shares of First Solar stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.21, for a total transaction of $466,877.71. Following the sale, the insider owned 11,369 shares of the company's stock, valued at $1,798,689.49. The trade was a 20.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick James Buehler sold 1,600 shares of First Solar stock in a transaction on Thursday, July 3rd. The stock was 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 in the company, valued at $791,640. This trade represents a 26.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,976 shares of company stock valued at $2,515,172 in the last quarter. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

FSLR has been the topic of several research reports. Glj Research reiterated a "buy" rating and issued a $214.06 price target (up from $172.53) on shares of First Solar in a research report on Tuesday. Hsbc Global Res upgraded shares of First Solar to a "strong-buy" rating in a research report on Friday, August 1st. Truist Financial reiterated a "buy" rating and issued a $200.00 price target (down from $245.00) on shares of First Solar in a research report on Thursday, May 1st. Susquehanna increased their price target on shares of First Solar from $203.00 to $222.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Finally, Mizuho raised their target price on shares of First Solar from $275.00 to $278.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy 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 price target of $224.27.

First Solar Stock Up 1.4%

Shares of NASDAQ:FSLR traded up $2.60 during midday trading on Tuesday, hitting $184.73. 2,018,169 shares of the company's stock traded hands, compared to its average volume of 3,794,773. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The company has a market cap of $19.81 billion, a PE ratio of 15.80, a P/E/G ratio of 0.36 and a beta of 1.48. The firm's fifty day moving average price is $169.26 and its two-hundred day moving average price is $153.07. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $3.25 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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.