First Solar, Inc. $FSLR Shares Purchased by Swedbank AB

Key Points

• Swedbank AB has increased its stake in First Solar, Inc. by 9.1%, now holding around 0.14% of the company, valued at approximately $19.6 million.
• Insiders at First Solar have sold significant shares recently, with CEO Mark R. Widmar reducing his ownership by 21.37% and others affecting a total of 32,315 shares valued at over $6 million.
• First Solar reported earnings of $3.18 EPS for the last quarter, exceeding estimates and setting FY 2025 guidance at 13.500-16.500 EPS, with various analysts adjusting their price targets upward.

Swedbank AB boosted its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 154,932 shares of the solar cell manufacturer's stock after purchasing an additional 12,872 shares during the period. Swedbank AB owned about 0.14% of First Solar worth $19,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSLR. Garde Capital Inc. purchased a new position in First Solar in the 1st quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in First Solar in the 1st quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position in 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 period. Colonial Trust Advisors purchased a new stake in shares of First Solar during the 1st quarter worth $32,000. Finally, Abound Financial LLC purchased a new stake in shares of First Solar during the 1st quarter worth $45,000. Hedge funds and other 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 1,600 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were 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 in the company, valued at $791,640. The trade was a 26.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark R. Widmar sold 23,912 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the transaction, the chief executive officer owned 87,978 shares in the company, valued at approximately $16,317,279.66. This trade represents a 21.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,315 shares of company stock worth $6,021,305. 0.48% of the stock is owned by company insiders.

First Solar Trading Down 0.8%

NASDAQ FSLR opened at $201.70 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.90. The firm has a market cap of $21.63 billion, a PE ratio of 17.25, a P/E/G ratio of 0.40 and a beta of 1.41. First Solar, Inc. has a one year low of $116.56 and a one year high of $262.72. The firm's fifty day moving average is $187.50 and its two-hundred day moving average is $159.44.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.50. The company 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FSLR. The Goldman Sachs Group lifted their price objective on shares of First Solar from $204.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. BMO Capital Markets lifted their price objective on shares of First Solar from $194.00 to $203.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Bank of America lifted their price objective on shares of First Solar from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group set a $194.00 price target on shares of First Solar and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of First Solar from $200.00 to $208.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.84.

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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