Public Employees Retirement System of Ohio Has $5.22 Million Stock Holdings in First Solar, Inc. $FSLR

Public Employees Retirement System of Ohio cut its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,515 shares of the solar cell manufacturer’s stock after selling 1,318 shares during the period. Public Employees Retirement System of Ohio’s holdings in First Solar were worth $5,217,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its position 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 valued at $28,000 after purchasing an additional 100 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of First Solar in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of First Solar in the first quarter valued at approximately $25,000. Colonial Trust Advisors acquired a new stake in shares of First Solar in the first quarter valued at approximately $32,000. Finally, Larson Financial Group LLC lifted its position in shares of First Solar by 591.9% in the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock valued at $32,000 after buying an additional 219 shares during the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other First Solar news, CAO Nathan B. Theurer sold 686 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark R. Widmar sold 23,912 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $185.47, for a total value of $4,434,958.64. Following the transaction, the chief executive officer owned 87,978 shares in the company, valued at approximately $16,317,279.66. This trade represents a 21.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,315 shares of company stock worth $6,021,305 in the last 90 days. Company insiders own 0.48% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $223.53 on Tuesday. The business’s 50 day moving average is $197.54 and its 200-day moving average is $165.71. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $255.63. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $23.97 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

First Solar (NASDAQ:FSLR) last posted 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $3.25 EPS. The company’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. Equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analysts Set New Price Targets

FSLR has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on First Solar from $203.00 to $222.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised their price objective on First Solar from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Wall Street Zen raised First Solar from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group reaffirmed a “buy” rating and issued a $275.00 price objective (up from $255.00) on shares of First Solar in a research report on Tuesday, August 5th. Finally, TD Cowen raised their price objective on First Solar from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.80.

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.