Dnca Finance Sells 4,410 Shares of First Solar, Inc. $FSLR

Dnca Finance reduced its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,090 shares of the solar cell manufacturer’s stock after selling 4,410 shares during the period. Dnca Finance’s holdings in First Solar were worth $5,312,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Brown Advisory Inc. grew its holdings in shares of First Solar by 84.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock valued at $750,000 after purchasing an additional 2,072 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of First Solar by 167.0% in the 2nd quarter. Baird Financial Group Inc. now owns 84,406 shares of the solar cell manufacturer’s stock valued at $13,973,000 after acquiring an additional 52,794 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of First Solar by 50.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock valued at $85,000 after acquiring an additional 174 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in First Solar by 1.5% during the 2nd quarter. Fort Sheridan Advisors LLC now owns 6,737 shares of the solar cell manufacturer’s stock valued at $1,115,000 after acquiring an additional 100 shares during the period. Finally, M&T Bank Corp grew its position in First Solar by 1.1% during the 2nd quarter. M&T Bank Corp now owns 7,849 shares of the solar cell manufacturer’s stock worth $1,299,000 after acquiring an additional 89 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 other news, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares in the company, valued at $4,087,514.24. This trade represents a 70.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction on 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 directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 48,912 shares of company stock valued at $12,971,349. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FSLR shares. Barclays reiterated an “overweight” rating and issued a $279.00 price objective on shares of First Solar in a research report on Monday, November 3rd. Glj Research increased their price target on shares of First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group set a $269.00 price target on shares of First Solar and gave the stock a “buy” rating in a report on Friday, October 31st. Evercore ISI upped their price objective on shares of First Solar from $240.90 to $241.00 in a research note on Friday, October 31st. Finally, DZ Bank lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $269.79.

First Solar Trading Up 0.1%

NASDAQ:FSLR opened at $257.61 on Friday. The company has a 50-day moving average price of $247.43 and a 200-day moving average price of $203.95. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 0.50 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $281.55.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the company earned $2.91 earnings per share. 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. Equities analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

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.