TD Waterhouse Canada Inc. Has $4.06 Million Position in First Solar, Inc. $FSLR

TD Waterhouse Canada Inc. lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,049 shares of the solar cell manufacturer’s stock after acquiring an additional 3,556 shares during the period. TD Waterhouse Canada Inc.’s holdings in First Solar were worth $4,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FSLR. Strategic Wealth Investment Group LLC acquired a new stake in First Solar in the second quarter worth $26,000. Hantz Financial Services Inc. increased its position in shares of First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Total Investment Management Inc. acquired a new stake in First Solar during the 2nd quarter worth $36,000. Private Trust Co. NA lifted its holdings in First Solar by 2,610.0% during the second quarter. Private Trust Co. NA now owns 271 shares of the solar cell manufacturer’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in First Solar in the second quarter valued at about $47,000. Institutional investors own 92.08% of the company’s stock.

Insider Activity at First Solar

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of the firm’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 completion of the transaction, the director directly owned 13,662 shares in the company, valued at $3,703,904.82. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Georges Antoun sold 37,412 shares of the business’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 transaction, the insider directly owned 15,424 shares in the company, valued at $4,087,514.24. This trade represents a 70.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,912 shares of company stock valued at $12,971,349. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several recent analyst reports. Evercore ISI increased their price target on First Solar from $240.90 to $241.00 in a report on Friday, October 31st. Bank of America lowered their target price on First Solar from $291.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. KeyCorp restated an “overweight” rating on shares of First Solar in a report on Friday, October 31st. BMO Capital Markets set a $263.00 price target on shares of First Solar in a report on Thursday. Finally, Raymond James Financial assumed coverage on shares of First Solar in a research report on Monday, January 12th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.94.

First Solar Stock Up 0.7%

Shares of FSLR stock opened at $225.52 on Friday. The firm’s fifty day moving average price is $255.74 and its two-hundred day moving average price is $229.47. 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 1 year low of $116.56 and a 1 year high of $285.99. The firm has a market capitalization of $24.20 billion, a P/E ratio of 17.32, a PEG ratio of 0.29 and a beta of 1.60.

First Solar (NASDAQ:FSLR) last announced 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. First Solar’s revenue was up 79.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.91 EPS. On average, equities analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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.