DMC Group LLC Takes $662,000 Position in First Solar, Inc. $FSLR

DMC Group LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the solar cell manufacturer’s stock, valued at approximately $662,000.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in First Solar during the second quarter worth about $212,621,000. Viking Global Investors LP boosted its holdings in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock worth $375,122,000 after acquiring an additional 854,919 shares in the last quarter. Atreides Management LP bought a new stake in First Solar during the 2nd quarter worth approximately $65,134,000. Ariel Investments LLC acquired a new stake in First Solar during the 2nd quarter valued at $50,869,000. Finally, Peconic Partners LLC bought a new position in First Solar in the 2nd quarter valued at $49,662,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated 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 directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the stock in a transaction dated 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 sale, the insider owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 48,912 shares of company stock valued at $12,971,349 in the last quarter. Company insiders own 0.48% of the company’s stock.

First Solar Price Performance

First Solar stock opened at $243.73 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $26.15 billion, a P/E ratio of 18.72, a PEG ratio of 0.30 and a beta of 1.60. The business has a 50-day moving average of $259.32 and a 200-day moving average of $225.13. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $285.99.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Wolfe Research increased their target price on First Solar from $232.00 to $247.00 in a report on Friday, October 31st. Daiwa Capital Markets boosted their target price on First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. BMO Capital Markets lifted their price objective on First Solar from $273.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. TD Cowen boosted their price objective on First Solar from $260.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Susquehanna raised their target price on shares of First Solar from $273.00 to $285.00 in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.84.

First Solar Profile

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.