Sender Co & Partners Inc. Invests $957,000 in First Solar, Inc. (NASDAQ:FSLR)

Sender Co & Partners Inc. bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,245 shares of the solar cell manufacturer’s stock, valued at approximately $957,000. First Solar makes up 1.1% of Sender Co & Partners Inc.’s portfolio, making the stock its 16th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC grew its position in First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after acquiring an additional 7,660,409 shares in the last quarter. Schroder Investment Management Group grew its holdings in First Solar by 16.7% during the 4th quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock valued at $422,861,000 after purchasing an additional 351,540 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in First Solar by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the solar cell manufacturer’s stock worth $472,963,000 after buying an additional 279,719 shares during the period. Anomaly Capital Management LP acquired a new position in First Solar in the 2nd quarter worth $53,752,000. Finally, Canada Pension Plan Investment Board boosted its position in First Solar by 2,429.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 174,530 shares of the solar cell manufacturer’s stock valued at $39,350,000 after buying an additional 167,629 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at First Solar

In related news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $220.00, for a total value of $110,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Patrick James Buehler sold 8,619 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now directly owns 3,468 shares in the company, valued at $769,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Byron Michael Jeffers sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $220.00, for a total value of $110,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,885 shares of company stock worth $2,405,757. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $320.00 target price (up from $230.00) on shares of First Solar in a research report on Friday, May 31st. Janney Montgomery Scott lowered First Solar from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 18th. Mizuho reiterated a “neutral” rating and set a $274.00 target price (up from $209.00) on shares of First Solar in a research note on Thursday, May 30th. Truist Financial began coverage on shares of First Solar in a research note on Thursday. They issued a “buy” rating and a $300.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $284.12.

First Solar Stock Performance

FSLR stock opened at $255.66 on Friday. First Solar, Inc. has a 1 year low of $129.21 and a 1 year high of $306.77. The stock has a market capitalization of $27.37 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. The stock’s fifty day moving average is $224.73 and its two-hundred day moving average is $215.14.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.56. First Solar had a net margin of 31.98% and a return on equity of 17.73%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $939.71 million. During the same period last year, the firm posted $1.85 EPS. First Solar’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, research analysts predict that First Solar, Inc. will post 13.62 EPS for the current year.

First Solar 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.