Stephens Inc. AR Purchases 1,880 Shares of First Solar, Inc. $FSLR

Key Points

• Stephens Inc. AR increased its holdings in First Solar, Inc. by 11.3%, acquiring an additional 1,880 shares, bringing their total to 18,541 shares valued at $3.07 million.
• First Solar reported a Q2 EPS of $3.18, exceeding analysts' expectations of $2.68, with revenue of $1.10 billion, marking an 8.6% increase from the same quarter last year.
• Wall Street analysts maintain a generally positive outlook on First Solar, with 24 Buy ratings and an average target price of $244.00 for the stock.

Stephens Inc. AR lifted its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,541 shares of the solar cell manufacturer's stock after acquiring an additional 1,880 shares during the period. Stephens Inc. AR's holdings in First Solar were worth $3,069,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of First Solar by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 13,200,342 shares of the solar cell manufacturer's stock worth $1,668,919,000 after acquiring an additional 378,641 shares in the last quarter. Wellington Management Group LLP boosted its stake in First Solar by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 2,765,303 shares of the solar cell manufacturer's stock valued at $349,617,000 after purchasing an additional 405,457 shares during the last quarter. Invesco Ltd. boosted its stake in First Solar by 32.3% during the 1st quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer's stock valued at $306,909,000 after purchasing an additional 592,444 shares during the last quarter. Samlyn Capital LLC boosted its stake in First Solar by 6.3% during the 1st quarter. Samlyn Capital LLC now owns 1,741,794 shares of the solar cell manufacturer's stock valued at $220,215,000 after purchasing an additional 103,403 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in First Solar by 20.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,741,026 shares of the solar cell manufacturer's stock valued at $220,118,000 after purchasing an additional 290,112 shares during the last quarter. Institutional investors own 92.08% of the company's stock.

First Solar Price Performance

Shares of First Solar stock opened at $223.36 on Thursday. First Solar, Inc. has a one year low of $116.56 and a one year high of $248.04. The stock's fifty day moving average is $213.43 and its 200 day moving average is $176.95. The stock has a market cap of $23.96 billion, a P/E ratio of 19.11, a P/E/G ratio of 0.43 and a beta of 1.38. 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 announced its earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $3.25 EPS. First Solar's revenue for the quarter was up 8.6% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Sell-side analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of several recent analyst reports. Mizuho increased their target price on First Solar from $275.00 to $278.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Susquehanna increased their price target on First Solar from $222.00 to $273.00 and gave the company a "positive" rating in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft increased their price target on First Solar from $225.00 to $255.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Jefferies Financial Group increased their price target on First Solar from $212.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada increased their price target on First Solar from $201.00 to $244.00 and gave the company an "outperform" rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, First Solar currently has an average rating of "Moderate Buy" and a consensus target price of $244.00.

Insider Transactions at First Solar

In other First Solar news, CEO Mark R. Widmar sold 2,321 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $199.44, for a total transaction of $462,900.24. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nathan B. Theurer sold 686 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,715 shares of company stock worth $5,733,305. Insiders own 0.48% of the company's stock.

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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