Boston Family Office LLC Makes New $1.03 Million Investment in First Solar, Inc. $FSLR

Key Points

• Boston Family Office LLC invested approximately $1.03 million in First Solar, Inc. by acquiring a new stake of 8,125 shares during the first quarter.
• First Solar's stock price saw an increase of 11.1%, currently trading around $199.95, with a market capitalization of $21.44 billion.
• The company reported $3.18 earnings per share for the last quarter, exceeding analysts' expectations, and its revenue of $1.10 billion reflects an 8.6% year-over-year growth.

Boston Family Office LLC purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,125 shares of the solar cell manufacturer's stock, valued at approximately $1,027,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Horizon Investments LLC boosted its stake in First Solar by 5.1% in the first quarter. Horizon Investments LLC now owns 1,537 shares of the solar cell manufacturer's stock valued at $194,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in First Solar by 0.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,348 shares of the solar cell manufacturer's stock valued at $1,435,000 after purchasing an additional 82 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in First Solar by 4.3% in the first quarter. Linden Thomas Advisory Services LLC now owns 2,243 shares of the solar cell manufacturer's stock valued at $284,000 after buying an additional 92 shares in the last quarter. EP Wealth Advisors LLC boosted its position in First Solar by 7.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,293 shares of the solar cell manufacturer's stock valued at $228,000 after buying an additional 95 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of First Solar by 11.6% during the first quarter. Signaturefd LLC now owns 985 shares of the solar cell manufacturer's stock worth $125,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Buying and Selling

In other news, insider Patrick James Buehler sold 1,600 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 4,398 shares of the company's stock, valued at $791,640. This represents a 26.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The disclosure for this sale can be found here. Insiders sold a total of 46,691 shares of company stock worth $8,248,477 over the last 90 days. 0.48% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group reiterated a "buy" rating and issued a $275.00 price target (up from $255.00) on shares of First Solar in a research note on Tuesday, August 5th. Hsbc Global Res raised First Solar to a "strong-buy" rating in a report on Friday, August 1st. Susquehanna lifted their price target on First Solar from $203.00 to $222.00 and gave the company a "positive" rating in a research note on Friday, August 1st. KeyCorp downgraded First Solar from a "sector weight" rating to an "underweight" rating and set a $100.00 price objective for the company. in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of First Solar from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $222.44.

First Solar Trading Down 3.8%

Shares of FSLR stock traded down $8.37 during trading hours on Tuesday, hitting $210.96. 4,566,166 shares of the company were exchanged, compared to its average volume of 3,170,261. The company has a 50 day simple moving average of $173.37 and a two-hundred day simple moving average of $154.47. The firm has a market cap of $22.63 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.43 and a beta of 1.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $262.72.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its 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. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. First Solar's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current 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.