Atria Investments Inc Invests $255,000 in First Solar, Inc. $FSLR

Atria Investments Inc purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,539 shares of the solar cell manufacturer’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FSLR. Wealth Preservation Advisors LLC acquired a new position in shares of First Solar during the first quarter valued at $25,000. TD Private Client Wealth LLC lifted its position in shares of First Solar by 126.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock worth $28,000 after acquiring an additional 100 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after buying an additional 75 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of First Solar by 591.9% during the 1st 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 currently owned by institutional investors and hedge funds.

First Solar Price Performance

NASDAQ:FSLR opened at $267.52 on Thursday. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $281.55. The stock has a market capitalization of $28.71 billion, a PE ratio of 22.88, a P/E/G ratio of 0.46 and a beta of 1.51. The firm has a fifty day simple moving average of $230.76 and a 200 day simple moving average of $191.07. 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) last released its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned $2.91 EPS. First Solar’s quarterly revenue was up 79.7% on a year-over-year basis. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, research analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Transactions at First Solar

In other news, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the sale, the director owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This trade represents a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the transaction, the director directly owned 13,662 shares in the company, valued at $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,233 shares of company stock worth $13,434,249 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC assumed coverage on First Solar in a report on Wednesday, October 22nd. They issued a “buy” rating and a $286.00 target price for the company. Seaport Global Securities raised their target price on First Solar from $217.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Guggenheim lifted their price objective on First Solar from $287.00 to $289.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. KeyCorp reissued an “overweight” rating on shares of First Solar in a research note on Friday, October 31st. Finally, Morgan Stanley set a $275.00 price target on First Solar in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $270.17.

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.