U.S. Capital Wealth Advisors LLC Makes New $409,000 Investment in First Solar, Inc. $FSLR

Key Points

• U.S. Capital Wealth Advisors LLC has made a new investment of $409,000 in First Solar, acquiring 2,471 shares of the solar manufacturer.
• Insiders sold a total of 32,315 shares of First Solar stock within the last 90 days, indicating a potential shift in ownership dynamics.
• First Solar's stock has recently been rated with 22 Buy ratings and a consensus price target of $228.80 by analysts, showing strong investor interest.

U.S. Capital Wealth Advisors LLC acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,471 shares of the solar cell manufacturer's stock, valued at approximately $409,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in First Solar by 4.7% in the 4th quarter. Mackenzie Financial Corp now owns 16,276 shares of the solar cell manufacturer's stock worth $2,868,000 after buying an additional 738 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings in shares of First Solar by 147.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 2,749 shares of the solar cell manufacturer's stock worth $484,000 after acquiring an additional 1,640 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Solar by 3.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,134 shares of the solar cell manufacturer's stock worth $1,081,000 after acquiring an additional 222 shares during the last quarter. GAMMA Investing LLC grew its holdings in First Solar by 8,992.4% in the first quarter. GAMMA Investing LLC now owns 204,943 shares of the solar cell manufacturer's stock valued at $25,911,000 after purchasing an additional 202,689 shares during the period. Finally, Fulcrum Capital LLC grew its holdings in First Solar by 4.1% in the first quarter. Fulcrum Capital LLC now owns 36,317 shares of the solar cell manufacturer's stock valued at $4,592,000 after purchasing an additional 1,438 shares during the period. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Nathan B. Theurer sold 686 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total transaction of $124,872.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark R. Widmar sold 23,912 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the sale, the chief executive officer directly owned 87,978 shares of the company's stock, valued at approximately $16,317,279.66. The trade was a 21.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,315 shares of company stock worth $6,021,305 in the last 90 days. 0.48% of the stock is owned by company insiders.

First Solar Stock Up 1.8%

Shares of NASDAQ FSLR opened at $223.05 on Friday. The stock has a fifty day moving average price of $195.76 and a 200 day moving average price of $164.09. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $262.72. The company has a market cap of $23.92 billion, a P/E ratio of 19.08, a P/E/G ratio of 0.43 and a beta of 1.41.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the firm posted $3.25 earnings per share. The firm's quarterly 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. Research analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of First Solar from $188.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. UBS Group reaffirmed a "buy" rating and issued a $275.00 target price (up from $255.00) on shares of First Solar in a research report on Tuesday, August 5th. BMO Capital Markets boosted their price target on First Solar from $194.00 to $203.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on First Solar from $241.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Finally, Susquehanna raised their price objective on First Solar from $203.00 to $222.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and a consensus price target of $228.80.

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.

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