B. Metzler seel. Sohn & Co. AG Has $813,000 Holdings in First Solar, Inc. $FSLR

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its holdings in First Solar, Inc. by 56.2% in the first quarter, now owning 6,427 shares with a value of approximately $813,000.
• Multiple hedge funds have increased their positions in First Solar, with Oppenheimer & Co. Inc. seeing a significant increase of 396.5%, now holding 11,777 shares valued at around $1.49 million.
• First Solar reported earnings of $3.18 per share for the last quarter, exceeding analysts' expectations of $2.68, and has provided guidance of 13.500-16.500 EPS for FY 2025.

B. Metzler seel. Sohn & Co. AG lowered its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 56.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,427 shares of the solar cell manufacturer's stock after selling 8,238 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in First Solar were worth $813,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FSLR. Nuveen LLC acquired a new stake in First Solar during the first quarter worth approximately $114,730,000. Invesco Ltd. boosted its holdings in shares of First Solar by 32.3% in the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer's stock valued at $306,909,000 after purchasing an additional 592,444 shares during the last quarter. Hill City Capital LP boosted its holdings in shares of First Solar by 59.4% in the 1st quarter. Hill City Capital LP now owns 1,355,000 shares of the solar cell manufacturer's stock valued at $171,313,000 after purchasing an additional 505,000 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $349,617,000 after purchasing an additional 405,457 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of First Solar by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer's stock valued at $1,668,919,000 after purchasing an additional 378,641 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar Trading Up 0.3%

Shares of FSLR stock traded up $0.59 during trading hours on Tuesday, reaching $195.78. 1,932,098 shares of the stock traded hands, compared to its average volume of 3,219,378. The firm has a market capitalization of $21.00 billion, a PE ratio of 16.75, a PEG ratio of 0.39 and a beta of 1.41. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $181.63 and a 200 day moving average price of $156.80. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $262.72.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. The company 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%. The company'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, equities research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Upgrades and Downgrades

FSLR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of First Solar from $200.00 to $208.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. BMO Capital Markets lifted their price target on shares of First Solar from $194.00 to $203.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. TD Cowen lifted their price target on shares of First Solar from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wolfe Research raised shares of First Solar from a "peer perform" rating to an "outperform" rating and set a $221.00 target price for the company in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group boosted their target price on shares of First Solar from $204.00 to $255.00 and gave the company a "buy" rating in a research note 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $225.84.

Insider Buying and Selling at First Solar

In other First Solar news, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark R. Widmar sold 2,321 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $199.44, for a total transaction of $462,900.24. Following the completion of the transaction, 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 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 in the last ninety days. Company insiders own 0.48% of the company's stock.

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.