First Solar, Inc. $FSLR Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in First Solar, Inc. by 23% in the second quarter, owning 9,442 shares valued at approximately $1.56 million.
• Several institutional investors, including GAMMA Investing LLC, significantly raised their positions in First Solar during the first quarter, resulting in 92.08% of the stock being owned by institutional investors.
• First Solar reported strong quarterly earnings, with an EPS of $3.18, exceeding expectations, and set a fiscal year 2025 guidance of 13.500-16.500 EPS.

Wealth Enhancement Advisory Services LLC grew its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 23.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,442 shares of the solar cell manufacturer's stock after purchasing an additional 1,765 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in First Solar were worth $1,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FSLR. GAMMA Investing LLC lifted its stake in shares of First Solar by 8,992.4% in the 1st quarter. GAMMA Investing LLC now owns 204,943 shares of the solar cell manufacturer's stock valued at $25,911,000 after purchasing an additional 202,689 shares in the last quarter. Rhumbline Advisers lifted its position in First Solar by 5.2% during the 1st quarter. Rhumbline Advisers now owns 202,337 shares of the solar cell manufacturer's stock worth $25,581,000 after acquiring an additional 10,022 shares in the last quarter. Mirador Capital Partners LP lifted its position in First Solar by 36.0% during the 1st quarter. Mirador Capital Partners LP now owns 3,094 shares of the solar cell manufacturer's stock worth $391,000 after acquiring an additional 819 shares in the last quarter. Czech National Bank lifted its position in First Solar by 5.9% during the 1st quarter. Czech National Bank now owns 24,589 shares of the solar cell manufacturer's stock worth $3,109,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Cox Capital Mgt LLC lifted its position in First Solar by 229.4% during the 1st quarter. Cox Capital Mgt LLC now owns 13,861 shares of the solar cell manufacturer's stock worth $1,752,000 after acquiring an additional 9,653 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Price Performance

Shares of FSLR opened at $223.53 on Tuesday. The company has a market cap of $23.97 billion, a P/E ratio of 19.12, a PEG ratio of 0.43 and a beta of 1.41. The stock has a fifty day moving average price of $197.54 and a 200 day moving average price of $165.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $255.63.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 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 the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Insider Buying and Selling

In other First Solar news, CAO Nathan B. Theurer sold 686 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick James Buehler sold 1,600 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $180.00, for a total value of $288,000.00. Following the transaction, the insider owned 4,398 shares of the company's stock, valued at $791,640. This trade represents a 26.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,315 shares of company stock worth $6,021,305 in the last three months. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSLR. Hsbc Global Res raised First Solar to a "strong-buy" rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their price target on First Solar from $188.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on First Solar from $241.00 to $262.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Wall Street Zen raised First Solar from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets upped their target price on First Solar from $194.00 to $203.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, First Solar presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.80.

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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