Susquehanna Fundamental Investments LLC Invests $27.59 Million in First Solar, Inc. $FSLR

Susquehanna Fundamental Investments LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 116,932 shares of the solar cell manufacturer's stock, valued at approximately $27,591,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of First Solar at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FSLR. Woodline Partners LP raised its holdings in shares of First Solar by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer's stock valued at $1,143,000 after purchasing an additional 2,615 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in First Solar by 50.9% during the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer's stock valued at $85,000 after buying an additional 174 shares during the period. Brown Advisory Inc. raised its stake in First Solar by 84.3% in the second quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer's stock worth $750,000 after buying an additional 2,072 shares in the last quarter. Cerity Partners LLC bought a new position in First Solar in the second quarter worth approximately $494,000. Finally, AXA S.A. lifted its holdings in First Solar by 6.3% during the second quarter. AXA S.A. now owns 18,862 shares of the solar cell manufacturer's stock worth $3,122,000 after buying an additional 1,115 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $204.46 on Monday. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.45 and a beta of 1.75. The company has a 50 day simple moving average of $223.42 and a two-hundred day simple moving average of $223.39. First Solar, Inc. has a 12 month low of $182.99 and a 12 month high of $320.95.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The solar cell manufacturer reported $3.92 earnings per share for the quarter, topping the consensus estimate of $2.90 by $1.02. First Solar had a return on equity of 18.02% and a net margin of 32.47%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $3.18 EPS. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts forecast that First Solar, Inc. will post 17.77 EPS for the current year.

Insider Activity

In related news, CTO Markus Gloeckler sold 829 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $248.00, for a total transaction of $205,592.00. Following the sale, the chief technology officer owned 6,642 shares in the company, valued at approximately $1,647,216. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Koralewski sold 7,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $221.51, for a total value of $1,550,570.00. Following the sale, the insider owned 7,642 shares in the company, valued at $1,692,779.42. This trade represents a 47.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 15,081 shares of company stock valued at $3,457,086. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FSLR shares. Deutsche Bank Aktiengesellschaft cut First Solar from a "buy" rating to a "hold" rating in a research report on Thursday. Jefferies Financial Group set a $196.00 price objective on First Solar in a research note on Monday, August 3rd. Raymond James Financial initiated coverage on First Solar in a research note on Thursday. They issued a "market perform" rating on the stock. BMO Capital Markets downgraded shares of First Solar from a "hold" rating to a "market perform" rating in a report on Thursday. Finally, TD Cowen reissued a "buy" rating on shares of First Solar in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $266.27.

Key First Solar News

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: BMO upgraded First Solar to Outperform and raised its price target to $263 from $237, implying substantial upside from the reference price. BMO reportedly believes the market reaction to the latest Section 232 tariff developments was overdone. BMO upgrades First Solar as tariff selloff looks overdone
• Positive Sentiment: Argus reiterated a Buy rating on First Solar, reinforcing the view that the company’s valuation and long-term growth prospects remain attractive despite recent volatility. Argus reiterates Buy rating for First Solar
• Positive Sentiment: A climate-finance expert said Wall Street may have misinterpreted the market’s response to the latest solar-tariff announcement, potentially easing concerns that trade policy will materially damage First Solar’s outlook. Wall Street misread the solar tariffs
• Positive Sentiment: An emergency order restricting certain foreign bulk-power-system equipment and software could benefit U.S. solar and energy-equipment manufacturers by supporting domestic suppliers, although the direct impact on First Solar is uncertain. Why solar stocks were rising overnight
• Neutral Sentiment: First Solar’s latest quarterly results exceeded earnings expectations, but revenue declined year over year, leaving investors focused on policy developments and future demand rather than the reported quarter.
• Negative Sentiment: Jim Cramer advised investors to stay away from First Solar, while Evercore ISI maintained an In-Line rating and trimmed its price target to $218, highlighting continued analyst disagreement and near-term uncertainty. Jim Cramer comments on First Solar

First Solar Profile

First Solar, Inc NASDAQ: FSLR is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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