First Solar, Inc. $FSLR Position Lessened by Yaupon Capital Management LP

Key Points

• Yaupon Capital Management LP has decreased its holdings in First Solar, Inc. by 47.4%, now owning 100,201 shares valued at approximately $12.67 million.
• Analysts are optimistic about First Solar, with target price upgrades from firms like TD Cowen and Goldman Sachs, suggesting a consensus price target of $225.84.
• First Solar's recent quarterly earnings exceeded expectations, reporting an EPS of $3.18 and revenues of $1.10 billion, marking an 8.6% increase year-over-year.

Yaupon Capital Management LP decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,201 shares of the solar cell manufacturer's stock after selling 90,333 shares during the quarter. Yaupon Capital Management LP owned approximately 0.09% of First Solar worth $12,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in First Solar in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in First Solar in the first quarter valued at approximately $25,000. Larson Financial Group LLC increased its holdings in shares of First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock valued at $32,000 after purchasing an additional 219 shares during the period. Colonial Trust Advisors acquired a new position in shares of First Solar in the first quarter valued at approximately $32,000. Finally, Abound Financial LLC acquired a new position in shares of First Solar in the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Susquehanna boosted their target price on First Solar from $203.00 to $222.00 and gave the company a "positive" rating in a report on Friday, August 1st. Hsbc Global Res raised First Solar to a "strong-buy" rating in a report on Friday, August 1st. TD Cowen upped their target price on First Solar from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, August 1st. Glj Research reissued a "buy" rating and issued a $214.06 target price (up previously from $172.53) on shares of First Solar in a report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $194.00 target price on First Solar and gave the company a "buy" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $225.84.

First Solar Trading Down 0.8%

Shares of First Solar stock traded down $1.61 during trading hours on Friday, reaching $201.70. The stock had a trading volume of 1,238,781 shares, compared to its average volume of 3,216,098. The firm has a 50 day simple moving average of $187.50 and a two-hundred day simple moving average of $159.31. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.40 and a beta of 1.41. 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, Inc. has a 1 year low of $116.56 and a 1 year high of $262.72.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating the consensus estimate of $2.68 by $0.50. The business had revenue of $1.10 billion for 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 company's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. As a group, equities research analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Insider Buying and Selling at First Solar

In other First Solar news, insider Patrick James Buehler sold 1,600 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $180.00, for a total transaction of $288,000.00. Following the completion of the sale, the insider owned 4,398 shares in the company, valued at $791,640. This trade represents a 26.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark R. Widmar sold 2,321 shares of First Solar stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $199.44, for a total value of $462,900.24. Following the completion of the transaction, the chief executive officer owned 81,861 shares of the company's stock, valued at approximately $16,326,357.84. The trade was a 2.76% 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 90 days. 0.48% of the stock is owned by corporate insiders.

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.