First Solar, Inc. $FSLR Shares Sold by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC decreased its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,272 shares of the solar cell manufacturer's stock after selling 27,796 shares during the period. Venture Visionary Partners LLC's holdings in First Solar were worth $6,482,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its stake in shares of First Solar by 5.1% in the first quarter. Horizon Investments LLC now owns 1,537 shares of the solar cell manufacturer's stock valued at $194,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of First Solar by 0.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,348 shares of the solar cell manufacturer's stock valued at $1,435,000 after buying an additional 82 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of First Solar by 4.3% in the first quarter. Linden Thomas Advisory Services LLC now owns 2,243 shares of the solar cell manufacturer's stock valued at $284,000 after buying an additional 92 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of First Solar by 7.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,293 shares of the solar cell manufacturer's stock valued at $228,000 after buying an additional 95 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of First Solar by 11.6% in the first quarter. Signaturefd LLC now owns 985 shares of the solar cell manufacturer's stock valued at $125,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Oppenheimer downgraded First Solar from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on First Solar from $188.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on First Solar from $200.00 to $208.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Bank of America boosted their target price on First Solar from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Guggenheim decreased their target price on First Solar from $253.00 to $202.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.44.

Insider Buying and Selling

In other news, insider Patrick James Buehler sold 1,868 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $149.08, for a total value of $278,481.44. Following the completion of the transaction, the insider directly owned 5,998 shares of the company's stock, valued at $894,181.84. The trade was a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark R. Widmar sold 23,912 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total value of $4,434,958.64. Following the completion of the transaction, the chief executive officer owned 87,978 shares of the company's stock, valued at $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. Over the last 90 days, insiders sold 46,691 shares of company stock valued at $8,248,477. Company insiders own 0.48% of the company's stock.

First Solar Price Performance

Shares of NASDAQ FSLR traded down $14.44 during trading on Thursday, reaching $192.00. The company had a trading volume of 5,216,675 shares, compared to its average volume of 3,359,016. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. The stock has a market capitalization of $20.59 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. The stock has a 50-day moving average price of $174.62 and a two-hundred day moving average price of $155.00. 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 (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share 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 during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $3.25 earnings per share. The business'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. As a group, sell-side analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current year.

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.