Baader Bank Aktiengesellschaft Invests $1.30 Million in First Solar, Inc. $FSLR

Key Points

• Baader Bank Aktiengesellschaft acquired a new stake in First Solar, Inc. valued at approximately $1.3 million by purchasing 8,077 shares in the second quarter.
• Research analysts have increased their target price for First Solar, with JPMorgan raising it to $208, and TD Cowen setting a new target of $240, reflecting a positive outlook for the stock.
• Insider trading activity includes CEO Mark R. Widmar selling 2,321 shares at an average price of $199.44, which decreased his holding by 2.76%.

Baader Bank Aktiengesellschaft acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,077 shares of the solar cell manufacturer's stock, valued at approximately $1,298,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FSLR. Vanguard Group Inc. raised 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 worth $1,668,919,000 after purchasing an additional 378,641 shares during the period. Wellington Management Group LLP boosted its stake in First Solar by 17.2% in the first quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer's stock worth $349,617,000 after purchasing an additional 405,457 shares in the last quarter. Invesco Ltd. raised its holdings in First Solar by 32.3% during the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer's stock worth $306,909,000 after purchasing an additional 592,444 shares during the last quarter. Samlyn Capital LLC increased its stake in shares of First Solar by 6.3% in the 1st quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer's stock valued at $220,215,000 after acquiring an additional 103,403 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in First Solar by 20.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer's stock valued at $220,118,000 after buying an additional 290,112 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group reissued a "buy" rating and set a $275.00 target price (up from $255.00) on shares of First Solar in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of First Solar from $241.00 to $262.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America boosted their target price on shares of First Solar from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Glj Research reissued a "buy" rating and set a $214.06 price objective (up previously from $172.53) on shares of First Solar in a report on Tuesday, August 12th. Finally, TD Cowen lifted their target price on shares of First Solar from $220.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.80.

First Solar Stock Up 1.4%

Shares of FSLR stock traded up $2.86 on Friday, reaching $212.49. 3,858,347 shares of the stock were exchanged, compared to its average volume of 2,052,274. The company has a market capitalization of $22.79 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.42 and a beta of 1.41. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. The business's 50 day moving average price is $191.68 and its 200 day moving average price is $161.94.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. As a group, sell-side analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Activity

In other First Solar news, insider Patrick James Buehler sold 1,600 shares of the firm's 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 trade represents a 26.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nathan B. Theurer sold 686 shares of First Solar 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 32,315 shares of company stock worth $6,021,305 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

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.