U.S. Capital Wealth Advisors LLC Purchases New Holdings in First Solar, Inc. $FSLR

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,471 shares of the solar cell manufacturer’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in shares of First Solar by 4.7% during the 4th quarter. Mackenzie Financial Corp now owns 16,276 shares of the solar cell manufacturer’s stock valued at $2,868,000 after buying an additional 738 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of First Solar by 147.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 2,749 shares of the solar cell manufacturer’s stock worth $484,000 after buying an additional 1,640 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in First Solar by 3.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,134 shares of the solar cell manufacturer’s stock valued at $1,081,000 after acquiring an additional 222 shares in the last quarter. GAMMA Investing LLC boosted its stake in First Solar by 8,992.4% during the 1st quarter. GAMMA Investing LLC now owns 204,943 shares of the solar cell manufacturer’s stock valued at $25,911,000 after acquiring an additional 202,689 shares during the last quarter. Finally, Fulcrum Capital LLC grew its holdings in First Solar by 4.1% during the 1st quarter. Fulcrum Capital LLC now owns 36,317 shares of the solar cell manufacturer’s stock worth $4,592,000 after acquiring an additional 1,438 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at First Solar

In other First Solar news, insider Patrick James Buehler sold 1,600 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $180.00, for a total value of $288,000.00. Following the completion of the transaction, the insider owned 4,398 shares in the company, valued at approximately $791,640. This represents a 26.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Nathan B. Theurer sold 686 shares of First Solar stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $182.03, for a total value of $124,872.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,315 shares of company stock worth $6,021,305. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FSLR shares. Glj Research reaffirmed a “buy” rating and set a $214.06 price target (up previously from $172.53) on shares of First Solar in a research report on Tuesday, August 12th. Susquehanna upped their price objective on First Solar from $203.00 to $222.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Bank of America lifted their target price on First Solar from $185.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded First Solar from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada raised their price objective on First Solar from $188.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.80.

First Solar Stock Up 1.8%

Shares of First Solar stock opened at $223.05 on Friday. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.43 and a beta of 1.41. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $195.76 and its 200-day simple moving average is $164.09.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $3.25 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

First Solar Company Profile

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.