Fulcrum Capital LLC Has $6.54 Million Stake in First Solar, Inc. $FSLR

Key Points

• Fulcrum Capital LLC increased its stake in First Solar, Inc. by 8.8%, holding 39,526 shares worth approximately $6.54 million.
• Insiders at First Solar sold a total of 30,715 shares valued at $5.73 million in the last ninety days, with the CEO, Mark R. Widmar, reducing his ownership by 2.76%.
• First Solar reported a Q2 EPS of $3.18, surpassing expectations, and set its FY 2025 guidance at 13.500-16.500 EPS.

Fulcrum Capital LLC lifted its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,526 shares of the solar cell manufacturer's stock after purchasing an additional 3,209 shares during the period. First Solar comprises 1.4% of Fulcrum Capital LLC's investment portfolio, making the stock its 27th largest holding. Fulcrum Capital LLC's holdings in First Solar were worth $6,543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSLR. Garde Capital Inc. bought a new stake in shares of First Solar during the first quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of First Solar during the first quarter worth about $25,000. TD Private Client Wealth LLC grew its holdings in shares of First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer's stock worth $25,000 after purchasing an additional 85 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer's stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of First Solar by 591.9% during the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer's stock worth $32,000 after purchasing an additional 219 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Insider Activity at First Solar

In related news, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark R. Widmar sold 2,321 shares of the stock in a transaction 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 in the company, valued at approximately $16,326,357.84. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,715 shares of company stock valued at $5,733,305. Insiders own 0.48% of the company's stock.

First Solar Stock Performance

Shares of FSLR stock opened at $225.91 on Friday. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.38. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $237.20. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $206.10 and a 200-day moving average of $171.33.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping the consensus estimate of $2.68 by $0.50. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, equities analysts forecast 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 weighed in on FSLR. Guggenheim boosted their price target on First Solar from $202.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of First Solar in a research report on Wednesday. Hsbc Global Res raised shares of First Solar to a "strong-buy" rating in a research report on Friday, August 1st. Jefferies Financial Group increased their target price on shares of First Solar from $212.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Glj Research reissued a "buy" rating and set a $214.06 target price (up previously from $172.53) on shares of First Solar in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and a consensus price target of $231.04.

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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