Royal Bank Of Canada Issues Positive Forecast for First Solar (NASDAQ:FSLR) Stock Price

First Solar (NASDAQ:FSLR) had its target price hoisted by Royal Bank Of Canada from $244.00 to $258.00 in a report issued on Tuesday morning, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the solar cell manufacturer’s stock.

Several other research firms have also recently commented on FSLR. Mizuho raised their target price on First Solar from $278.00 to $335.00 in a research note on Friday, October 31st. TD Cowen lifted their price objective on shares of First Solar from $260.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Roth Capital set a $300.00 price target on shares of First Solar in a report on Friday, October 31st. Finally, Wells Fargo & Company upped their price objective on shares of First Solar from $270.00 to $285.00 and gave the company an “overweight” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.34.

First Solar Trading Down 0.7%

NASDAQ:FSLR opened at $242.11 on Tuesday. First Solar has a 52 week low of $116.56 and a 52 week high of $285.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The firm’s fifty day moving average is $258.30 and its 200-day moving average is $226.32. The firm has a market cap of $25.98 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.30 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing analysts’ consensus estimates 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%.First Solar’s quarterly revenue was up 79.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Equities analysts expect that First Solar will post 13.05 earnings per share for the current year.

Insider Buying and Selling

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the 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 completion of the sale, the director directly owned 13,662 shares of the company’s stock, valued at approximately $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,912 shares of company stock worth $12,971,349 in the last quarter. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On First Solar

Several institutional investors have recently bought and sold shares of the stock. Aventura Private Wealth LLC purchased a new position in First Solar during the 4th quarter worth $25,000. TD Private Client Wealth LLC raised its holdings in shares of 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 purchasing an additional 85 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of First Solar during the second quarter valued at about $26,000. Hantz Financial Services Inc. boosted its holdings in 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 during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in First Solar in the 3rd quarter worth about $44,000. Institutional investors own 92.08% of the company’s stock.

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.