First Solar, Inc. $FSLR Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in First Solar, Inc. (NASDAQ:FSLR) by 410.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,069 shares of the solar cell manufacturer’s stock after buying an additional 1,664 shares during the period. Farther Finance Advisors LLC’s holdings in First Solar were worth $343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in First Solar in the 1st quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new stake in First Solar during the first quarter worth about $25,000. Harbor Investment Advisory LLC increased its stake in First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock worth $28,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC increased its stake in First Solar by 591.9% during the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock worth $32,000 after purchasing an additional 219 shares during the period. Finally, Colonial Trust Advisors purchased a new stake in First Solar during the first quarter worth about $32,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Solar

In other First Solar news, CAO Nathan B. Theurer sold 686 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total value of $124,872.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark R. Widmar sold 2,321 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $199.44, for a total value of $462,900.24. Following the completion of the sale, the chief executive officer owned 81,861 shares of the company’s stock, valued at approximately $16,326,357.84. This represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,315 shares of company stock worth $6,021,305. 0.48% of the stock is owned by insiders.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $223.53 on Tuesday. 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 twelve month low of $116.56 and a twelve month high of $255.63. The stock has a 50 day moving average of $197.54 and a two-hundred day moving average of $165.71. The stock has a market cap of $23.97 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.43 and a beta of 1.41.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $3.25 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of recent research reports. Guggenheim boosted their price target on shares of First Solar from $202.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Glj Research reiterated a “buy” rating and set a $214.06 price target (up from $172.53) on shares of First Solar in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of First Solar from $241.00 to $262.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Hsbc Global Res upgraded shares of First Solar to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Susquehanna boosted their price target on shares of First Solar from $203.00 to $222.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average target price of $228.80.

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.