First Solar, Inc. (NASDAQ:FSLR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of First Solar, Inc. (NASDAQ:FSLR) have received a consensus rating of “Moderate Buy” from the thirty-four research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $269.7937.

A number of research firms recently weighed in on FSLR. TD Cowen boosted their target price on First Solar from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Robert W. Baird upped their price objective on shares of First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Roth Capital set a $300.00 target price on shares of First Solar in a report on Friday, October 31st. Finally, Seaport Global Securities lifted their target price on shares of First Solar from $217.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th.

Insider Transactions at First Solar

In other news, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the sale, the director owned 15,287 shares of the company’s stock, valued at $4,011,308.80. This represents a 31.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

Institutional Trading of First Solar

Hedge funds have recently modified their holdings of the business. Linden Thomas Advisory Services LLC raised its position in First Solar by 1.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,287 shares of the solar cell manufacturer’s stock worth $504,000 after buying an additional 39 shares during the last quarter. Signaturefd LLC grew its stake in shares of First Solar by 2.6% in the third quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock worth $414,000 after acquiring an additional 47 shares during the period. Figure 8 Investment Strategies LLC raised its holdings in shares of First Solar by 0.6% during the third quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock valued at $1,790,000 after purchasing an additional 48 shares during the last quarter. Rathbones Group PLC lifted its position in First Solar by 1.0% during the third quarter. Rathbones Group PLC now owns 4,930 shares of the solar cell manufacturer’s stock valued at $1,087,000 after purchasing an additional 51 shares during the period. Finally, Allworth Financial LP lifted its position in First Solar by 5.9% during the third quarter. Allworth Financial LP now owns 956 shares of the solar cell manufacturer’s stock valued at $211,000 after purchasing an additional 53 shares during the period. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $256.06 on Thursday. The firm’s 50-day simple moving average is $245.99 and its two-hundred day simple moving average is $202.67. The company has a market cap of $27.48 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59. First Solar has a 52 week low of $116.56 and a 52 week high of $281.55. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. First Solar’s revenue was up 79.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Research analysts predict that First Solar will post 13.05 earnings per share for the current year.

About First Solar

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.