Lake Hills Wealth Management LLC Invests $434,000 in First Solar, Inc. $FSLR

Key Points

• Lake Hills Wealth Management LLC has invested approximately $434,000 in First Solar, acquiring 2,623 shares during the second quarter.
• The company's stock recently received several upgrades by analysts, including a "strong-buy" rating from HSBC and a target price increase from UBS Group to $275.00.
• First Solar's stock has experienced a 2.7% increase, with recent quarterly earnings surpassing expectations, reporting $3.18 earnings per share against a consensus of $2.68.

Lake Hills Wealth Management LLC bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,623 shares of the solar cell manufacturer's stock, valued at approximately $434,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in First Solar during the first quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new stake in First Solar during the first quarter valued at $25,000. Harbor Investment Advisory LLC grew its position 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 acquiring an additional 100 shares during the last quarter. Larson Financial Group LLC grew its position 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 acquiring an additional 219 shares during the last quarter. Finally, Colonial Trust Advisors bought a new position in shares of First Solar during the first quarter worth about $32,000. Institutional investors own 92.08% of the company's stock.

First Solar Price Performance

NASDAQ FSLR traded up $2.86 on Friday, reaching $212.49. The company's stock had a trading volume of 3,858,347 shares, compared to its average volume of 3,689,322. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. 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 stock has a market cap of $22.79 billion, a PE ratio of 18.18, a PEG ratio of 0.42 and a beta of 1.41. The firm's 50 day moving average is $190.67 and its two-hundred day moving average is $161.17.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.50. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $3.25 EPS. First Solar's revenue was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. As a group, sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

Analysts Set New Price Targets

FSLR has been the subject of several recent research reports. Glj Research restated a "buy" rating and set a $214.06 price target (up previously from $172.53) on shares of First Solar in a research report on Tuesday, August 12th. TD Cowen lifted their price target on First Solar from $220.00 to $240.00 and gave the company a "buy" rating in a report on Friday, September 12th. Susquehanna lifted their price target on First Solar from $203.00 to $222.00 and gave the company a "positive" rating in a report on Friday, August 1st. Jefferies Financial Group set a $194.00 price target on First Solar and gave the company a "buy" rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada lifted their price target on First Solar from $188.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and an average target price of $228.80.

Insider Buying and Selling at First Solar

In other First Solar news, CEO Mark R. Widmar sold 2,321 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $199.44, for a total transaction of $462,900.24. Following the completion of the sale, the chief executive officer directly owned 81,861 shares of the company's stock, valued at approximately $16,326,357.84. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,315 shares of company stock valued at $6,021,305. 0.48% of the stock is currently owned by corporate insiders.

About First Solar

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.