First Solar (NASDAQ:FSLR) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for First Solar from $225.00 to $255.00, indicating a potential upside of 15.63% from the stock's previous close, along with a "buy" rating.
• The stock has recently been rated as a "buy" by multiple analysts, with UBS Group increasing its target to $275.00, while others have maintained their "buy" and "strong-buy" ratings.
• First Solar reported quarterly earnings of $3.18 per share, exceeding expectations and achieving an 8.6% year-over-year revenue growth, with FY 2025 guidance set between 13.500-16.500 EPS.

First Solar (NASDAQ:FSLR - Get Free Report) had its price target lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $225.00 to $255.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a "buy" rating on the solar cell manufacturer's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 15.63% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. UBS Group reaffirmed a "buy" rating and issued a $275.00 price objective (up previously from $255.00) on shares of First Solar in a research note on Tuesday, August 5th. Wall Street Zen upgraded First Solar from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Bank of America upped their price target on First Solar from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Hsbc Global Res upgraded First Solar to a "strong-buy" rating in a research report on Friday, August 1st. Finally, BMO Capital Markets upped their target price on First Solar from $194.00 to $203.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.40.

First Solar Trading Down 1.3%

First Solar stock opened at $220.53 on Wednesday. First Solar has a 12-month low of $116.56 and a 12-month high of $252.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $198.35 and a 200-day simple moving average of $166.09. The stock has a market capitalization of $23.65 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.41.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company earned $3.25 earnings per share. The firm'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. As a group, equities research analysts expect that First Solar will post 13.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $4,434,958.64. Following the completion of the transaction, the chief executive officer directly owned 87,978 shares in the company, valued at $16,317,279.66. This represents a 21.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nathan B. Theurer sold 686 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,315 shares of company stock valued at $6,021,305. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Solar

Several large investors have recently made changes to their positions in FSLR. Vanguard Group Inc. raised its stake in shares of First Solar by 0.4% in the second quarter. Vanguard Group Inc. now owns 13,257,849 shares of the solar cell manufacturer's stock valued at $2,194,704,000 after acquiring an additional 57,507 shares during the last quarter. State Street Corp increased its stake in shares of First Solar by 2.1% in the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer's stock valued at $881,680,000 after buying an additional 111,927 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of First Solar by 0.9% in the second quarter. Geode Capital Management LLC now owns 2,857,848 shares of the solar cell manufacturer's stock valued at $471,927,000 after buying an additional 26,476 shares during the last quarter. Wellington Management Group LLP grew its holdings 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 worth $349,617,000 after acquiring an additional 405,457 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of First Solar by 32.3% during the first quarter. Invesco Ltd. now owns 2,427,500 shares of the solar cell manufacturer's stock worth $306,909,000 after purchasing an additional 592,444 shares in the last quarter. Institutional investors own 92.08% 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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