8,077 Shares in First Solar, Inc. $FSLR Purchased by Baader Bank Aktiengesellschaft

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 stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,077 shares of the solar cell manufacturer's stock, valued at approximately $1,298,000.

Several other hedge funds have also modified their holdings of the stock. Cetera Investment Advisers raised its holdings in First Solar by 10.9% in the first quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer's stock worth $3,216,000 after purchasing an additional 2,510 shares during the period. Oppenheimer & Co. Inc. lifted its position in First Solar by 396.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer's stock valued at $1,489,000 after acquiring an additional 9,405 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in First Solar by 7.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 48,722 shares of the solar cell manufacturer's stock valued at $6,160,000 after buying an additional 3,226 shares during the last quarter. Vontobel Holding Ltd. increased its stake in First Solar by 14.2% in the 1st quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer's stock valued at $23,936,000 after buying an additional 23,528 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its stake in First Solar by 24.7% in the first quarter. Oakworth Capital Inc. now owns 9,682 shares of the solar cell manufacturer's stock valued at $1,224,000 after acquiring an additional 1,916 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Stock Performance

FSLR traded up $2.98 during trading on Monday, hitting $215.47. The company's stock had a trading volume of 1,145,463 shares, compared to its average volume of 3,674,773. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. First Solar, Inc. has a one year low of $116.56 and a one year high of $262.72. The firm has a market cap of $23.11 billion, a PE ratio of 18.47, a P/E/G ratio of 0.42 and a beta of 1.40. The business's 50 day simple moving average is $191.68 and its 200-day simple moving average is $162.16.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.50. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 prior 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 predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FSLR shares. TD Cowen increased their price target on First Solar from $220.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Hsbc Global Res upgraded First Solar to a "strong-buy" rating in a research note on Friday, August 1st. Guggenheim upped their target price on First Solar from $202.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Bank of America boosted their price target on First Solar from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Glj Research reaffirmed a "buy" rating and set a $214.06 price target (up previously from $172.53) on shares of First Solar in a report on Tuesday, August 12th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $228.80.

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.