First Solar, Inc. $FSLR Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in First Solar, Inc. by 5.5%, owning 83,976 shares valued at approximately $10.62 million.
• Several institutional investors, including Garde Capital Inc. and Abound Financial LLC, established new positions in First Solar, with institutional ownership now at 92.08%.
• First Solar's recent quarterly earnings report showed an EPS of $3.18, exceeding analysts' expectations, with a revenue increase of 8.6% year-over-year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 83,976 shares of the solar cell manufacturer's stock after buying an additional 4,391 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of First Solar worth $10,617,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FSLR. Garde Capital Inc. acquired a new position in shares of First Solar during the 1st quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in First Solar in the 1st quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings 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 purchasing an additional 219 shares in the last quarter. Colonial Trust Advisors purchased a new position in shares of First Solar during the 1st quarter worth about $32,000. Finally, Abound Financial LLC purchased a new position in shares of First Solar during the 1st quarter worth about $45,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Trading Down 0.8%

FSLR traded down $1.61 on Friday, reaching $201.70. 1,238,781 shares of the company's stock were exchanged, compared to its average volume of 3,216,098. The company's 50 day moving average is $187.50 and its 200-day moving average is $159.30. The company has a market cap of $21.63 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.40 and a beta of 1.41. 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.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $3.25 EPS. The company'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. Equities analysts predict 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, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark R. Widmar sold 2,321 shares of the stock in a transaction that occurred on 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 $16,326,357.84. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,315 shares of company stock valued at $6,021,305 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on FSLR shares. Wall Street Zen upgraded shares of First Solar from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group reiterated a "buy" rating and set a $275.00 price objective (up from $255.00) on shares of First Solar in a report on Tuesday, August 5th. TD Cowen increased their price objective on shares of First Solar from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their price objective on shares of First Solar from $188.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Mizuho increased their price objective on shares of First Solar from $275.00 to $278.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently 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.