Cwm LLC Boosts Stock Position in First Solar, Inc. $FSLR

Cwm LLC boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 74.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,160 shares of the solar cell manufacturer’s stock after purchasing an additional 33,671 shares during the quarter. Cwm LLC owned approximately 0.07% of First Solar worth $17,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FSLR. Harrington Investments INC raised its stake in shares of First Solar by 0.5% during the 2nd quarter. Harrington Investments INC now owns 13,278 shares of the solar cell manufacturer’s stock worth $2,198,000 after acquiring an additional 65 shares in the last quarter. Penserra Capital Management LLC boosted its stake in First Solar by 13.4% in the second quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock valued at $92,000 after acquiring an additional 66 shares in the last quarter. Energy Income Partners LLC grew its holdings in First Solar by 0.8% in the first quarter. Energy Income Partners LLC now owns 9,257 shares of the solar cell manufacturer’s stock worth $1,170,000 after purchasing an additional 72 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of First Solar by 69.4% during the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of First Solar by 5.3% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,582 shares of the solar cell manufacturer’s stock valued at $200,000 after purchasing an additional 80 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley set a $275.00 price target on First Solar in a research note on Friday, October 31st. Wells Fargo & Company boosted their price objective on First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Susquehanna upped their price target on shares of First Solar from $273.00 to $285.00 in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.27.

First Solar Stock Down 0.9%

Shares of NASDAQ:FSLR opened at $269.69 on Friday. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $285.99. The stock has a market cap of $28.94 billion, a P/E ratio of 20.71, a PEG ratio of 0.53 and a beta of 1.59. The business has a fifty day moving average of $257.82 and a two-hundred day moving average of $214.98. 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 posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The firm’s 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 earnings per share for the current year.

Insider Buying and Selling at First Solar

In related news, Director Michael T. Sweeney sold 4,500 shares of the company’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 value of $1,219,995.00. Following the transaction, the director directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. 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 that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,912 shares of company stock worth $12,971,349 in the last ninety days. 0.48% of the stock is owned by insiders.

About First Solar

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.