First Solar, Inc. $FSLR Shares Sold by Amundi

Amundi lessened its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,461,803 shares of the solar cell manufacturer’s stock after selling 221,216 shares during the period. Amundi owned 1.36% of First Solar worth $229,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its stake in First Solar by 126.9% in the second 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 during the period. Harbor Investment Advisory LLC lifted its holdings in shares of First Solar by 138.9% in the 2nd 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 last quarter. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 75 shares during the period. Wealth Preservation Advisors LLC acquired a new position in First Solar during the 1st quarter valued at approximately $25,000. Finally, First Pacific Financial bought a new position in First Solar during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

FSLR opened at $257.61 on Friday. The company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $281.55. The business has a 50 day moving average price of $247.43 and a two-hundred day moving average price of $203.95.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results 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 27.73% and a return on equity of 16.61%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business posted $2.91 earnings per share. The firm’s revenue for the quarter was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Research analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FSLR. Deutsche Bank Aktiengesellschaft boosted their price target on shares of First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of First Solar in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of First Solar in a research note on Monday, December 1st. BMO Capital Markets restated an “outperform” rating and issued a $273.00 price target on shares of First Solar in a research note on Friday, October 31st. Finally, Robert W. Baird lifted their price target on First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.79.

Insiders Place Their Bets

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were 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 of the company’s stock, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Georges Antoun sold 37,412 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the transaction, the insider owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. This trade represents a 70.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 48,912 shares of company stock worth $12,971,349. 0.48% of the stock is owned by corporate insiders.

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.