Demars Financial Group LLC Has $1.08 Million Position in First Solar, Inc. $FSLR

Key Points

• Demars Financial Group LLC significantly reduced its stake in First Solar by 98.9%, owning only 6,540 shares after selling 606,519 shares during the second quarter, with the remaining stake valued at approximately $1.08 million.
• Multiple institutional investors have increased or acquired new positions in First Solar, indicating strong interest, as institutional ownership now stands at 92.08%.
• First Solar's stock received several upgrades from analysts, with Guggenheim raising its price target from $202 to $287 and a consensus rating of "Moderate Buy" featuring an average price target of $240.56 among analysts.

Demars Financial Group LLC lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 98.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,540 shares of the solar cell manufacturer's stock after selling 606,519 shares during the period. First Solar accounts for about 0.4% of Demars Financial Group LLC's portfolio, making the stock its 24th largest position. Demars Financial Group LLC's holdings in First Solar were worth $1,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Garde Capital Inc. acquired a new position in shares of First Solar during the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in First Solar during the first quarter worth $25,000. TD Private Client Wealth LLC raised its holdings in First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer's stock worth $25,000 after buying an additional 85 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer's stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in First Solar by 591.9% during the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock worth $32,000 after buying an additional 219 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSLR. Guggenheim upped their price objective on shares of First Solar from $202.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Hsbc Global Res upgraded shares of First Solar to a "strong-buy" rating in a research note on Friday, August 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of First Solar in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of First Solar from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of First Solar from $225.00 to $255.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and an average price target of $240.56.

First Solar Trading Down 2.5%

Shares of First Solar stock opened at $231.85 on Monday. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $248.04. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 0.44 and a beta of 1.38. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $210.88 and its 200-day moving average price is $175.58.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results 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. 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 period in the prior year, the firm posted $3.25 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, equities analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Nathan B. Theurer sold 686 shares of the firm's stock in a transaction that occurred 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 SEC, which is available through this link. Also, CEO Mark R. Widmar sold 2,321 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 81,861 shares in the company, valued at $16,326,357.84. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,715 shares of company stock worth $5,733,305 over the last ninety days. 0.48% of the stock is currently owned by 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.

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