First Solar, Inc. $FSLR Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,535,836 shares of the solar cell manufacturer's stock after purchasing an additional 100,694 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.43% of First Solar worth $362,396,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FSLR. New Mexico Educational Retirement Board increased its stake in shares of First Solar by 8.2% during the second quarter. New Mexico Educational Retirement Board now owns 5,300 shares of the solar cell manufacturer's stock worth $1,251,000 after purchasing an additional 400 shares in the last quarter. Mufg Securities Americas Inc. lifted its stake in First Solar by 9.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,237 shares of the solar cell manufacturer's stock valued at $764,000 after buying an additional 268 shares in the last quarter. Van ECK Associates Corp lifted its stake in First Solar by 18.9% in the 2nd quarter. Van ECK Associates Corp now owns 63,787 shares of the solar cell manufacturer's stock valued at $15,051,000 after buying an additional 10,118 shares in the last quarter. Nissay Asset Management Corp Japan boosted its holdings in First Solar by 1.4% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 14,062 shares of the solar cell manufacturer's stock worth $3,318,000 after buying an additional 193 shares during the last quarter. Finally, Field & Main Bank acquired a new stake in First Solar in the 2nd quarter worth about $125,000. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar News Summary

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: BMO upgraded First Solar to Outperform and raised its price target to $263 from $237, implying substantial upside from the reference price. BMO reportedly believes the market reaction to the latest Section 232 tariff developments was overdone. BMO upgrades First Solar as tariff selloff looks overdone
• Positive Sentiment: Argus reiterated a Buy rating on First Solar, reinforcing the view that the company’s valuation and long-term growth prospects remain attractive despite recent volatility. Argus reiterates Buy rating for First Solar
• Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s response to the latest solar-tariff announcement, potentially easing concerns that trade policy will materially damage First Solar’s outlook. Wall Street misread the solar tariffs
• Positive Sentiment: An emergency order restricting certain foreign bulk-power-system equipment and software could benefit U.S. solar and energy-equipment manufacturers by supporting domestic suppliers, although the direct impact on First Solar is uncertain. Why solar stocks were rising overnight
• Neutral Sentiment: First Solar’s latest quarterly results exceeded earnings expectations, but revenue declined year over year, leaving investors focused on policy developments and future demand rather than the reported quarter.
• Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and trimmed its price target to $218, highlighting continued analyst disagreement and near-term uncertainty. Jim Cramer comments on First Solar

Insider Buying and Selling

In other First Solar news, insider Michael Koralewski sold 7,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $221.51, for a total transaction of $1,550,570.00. Following the transaction, the insider owned 7,642 shares of the company's stock, valued at approximately $1,692,779.42. The trade was a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samantha L. Sloan sold 127 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $222.95, for a total value of $28,314.65. Following the completion of the sale, the executive vice president owned 2,018 shares of the company's stock, valued at approximately $449,913.10. The trade was a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 15,081 shares of company stock worth $3,457,086. 0.39% of the stock is owned by corporate insiders.

First Solar Stock Performance

FSLR stock opened at $204.46 on Monday. The firm has a 50-day moving average of $223.42 and a two-hundred day moving average of $223.39. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.45 and a beta of 1.75.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping the consensus estimate of $2.90 by $1.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.06 billion. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.18 EPS. As a group, equities analysts forecast that First Solar, Inc. will post 17.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird set a $318.00 target price on First Solar and gave the company an "outperform" rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered First Solar from a "buy" rating to a "hold" rating in a research note on Thursday. Susquehanna boosted their price target on First Solar from $250.00 to $270.00 and gave the stock a "positive" rating in a research report on Friday, July 10th. Truist Financial reissued a "hold" rating and issued a $229.00 price objective (down from $249.00) on shares of First Solar in a research note on Friday, July 31st. Finally, HC Wainwright began coverage on First Solar in a report on Thursday. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $266.27.

About First Solar

First Solar, Inc NASDAQ: FSLR is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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