Dimensional Fund Advisors LP Purchases 152,757 Shares of First Solar, Inc. $FSLR

Key Points

• Dimensional Fund Advisors LP increased its stake in First Solar by 12.2%, acquiring an additional 152,757 shares during the first quarter, bringing its total ownership to approximately 1.31% of the company, valued at $177.3 million.
• Insider trading has seen significant activity, with Patrick James Buehler and Michael Koralewski reducing their holdings by 23.75% and 20.61% respectively through the sale of shares recently.
• The company's stock has shown strong performance, with a 1-year high of $262.72 and analysts currently holding a consensus rating of "Moderate Buy" with an average price target of $222.44.

Dimensional Fund Advisors LP increased its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,402,357 shares of the solar cell manufacturer's stock after acquiring an additional 152,757 shares during the period. Dimensional Fund Advisors LP owned about 1.31% of First Solar worth $177,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garde Capital Inc. bought a new stake in shares of First Solar in the 1st quarter valued at about $25,000. Larson Financial Group LLC grew its position in shares of First Solar by 591.9% in the 1st quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock valued at $32,000 after buying an additional 219 shares during the last quarter. Abound Financial LLC bought a new stake in shares of First Solar in the 1st quarter valued at about $45,000. Princeton Global Asset Management LLC bought a new stake in shares of First Solar in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of First Solar in the 4th quarter valued at about $53,000. Institutional investors own 92.08% of the company's stock.

Insider Buying and Selling at First Solar

In other news, insider Patrick James Buehler sold 1,868 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $149.08, for a total value of $278,481.44. Following the completion of the transaction, the insider directly owned 5,998 shares of the company's stock, valued at $894,181.84. This trade represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Koralewski sold 2,951 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $158.21, for a total value of $466,877.71. Following the completion of the transaction, the insider directly owned 11,369 shares of the company's stock, valued at $1,798,689.49. The trade was a 20.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,691 shares of company stock valued at $8,248,477 in the last quarter. Insiders own 0.48% of the company's stock.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $210.96 on Wednesday. The stock has a fifty day simple moving average of $173.37 and a two-hundred day simple moving average of $154.47. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $262.72. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.48. 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 (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 for the quarter, beating the consensus estimate of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $3.25 earnings per share. First Solar's revenue was up 8.6% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analysts Set New Price Targets

FSLR has been the topic of a number of analyst reports. Wall Street Zen upgraded First Solar from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada lifted their target price on First Solar from $188.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Truist Financial reiterated a "buy" rating and issued a $200.00 target price (down from $245.00) on shares of First Solar in a report on Thursday, May 1st. Oppenheimer downgraded First Solar from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group set a $194.00 price target on First Solar and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $222.44.

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.

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