Clean Energy Transition LLP Sells 721,782 Shares of First Solar, Inc. $FSLR

Clean Energy Transition LLP lessened its holdings in First Solar, Inc. (NASDAQ:FSLR — Free Report) by 48.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 753,954 shares of the solar cell manufacturer’s stock after selling 721,782 shares during the period. First Solar comprises approximately 10.0% of Clean Energy Transition LLP’s portfolio, making the stock its 3rd biggest position. Clean Energy Transition LLP owned about 0.70% of First Solar worth $124,810,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FSLR. Wealth Preservation Advisors LLC acquired a new stake in First Solar during the 1st quarter worth about $25,000. TD Private Client Wealth LLC lifted its position 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 worth $25,000 after purchasing an additional 85 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of First Solar by 138.9% during the second 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 period. Hantz Financial Services Inc. grew its position 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 valued at $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in First Solar by 591.9% during the first quarter. Larson Financial Group LLC now owns 256 shares of the solar cell manufacturer’s stock valued at $32,000 after purchasing an additional 219 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Solar

In related news, insider Georges Antoun sold 37,412 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 15,424 shares of the company’s stock, valued at approximately $4,087,514.24. This represents a 70.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the completion of the transaction, the director owned 13,662 shares in the company, valued at $3,703,904.82. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 48,912 shares of company stock worth $12,971,349. 0.48% of the stock is owned by insiders.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $253.54 on Tuesday. The stock has a market capitalization of $27.21 billion, a P/E ratio of 21.69, a P/E/G ratio of 0.46 and a beta of 1.51. The business has a 50-day moving average of $233.82 and a two-hundred day moving average of $194.06. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two week high of $281.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41.

First Solar (NASDAQ:FSLR — Get Free Report) last issued its quarterly earnings data 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). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business posted $2.91 earnings per share. 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, equities research analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FSLR. Deutsche Bank Aktiengesellschaft lifted their target price on shares of First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Seaport Global Securities lifted their price objective on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Rothschild & Co Redburn boosted their target price on First Solar from $150.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Robert W. Baird raised their price target on First Solar from $240.00 to $264.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, TD Cowen lifted their price target on First Solar from $240.00 to $260.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $269.79.

Read Our Latest Report on FSLR

First Solar Profile

(Free Report)

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.

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