First Solar, Inc. $FSLR Shares Sold by Saturna Capital Corp

Saturna Capital Corp decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,943 shares of the solar cell manufacturer’s stock after selling 2,170 shares during the period. Saturna Capital Corp’s holdings in First Solar were worth $653,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FSLR. SFE Investment Counsel grew its position in First Solar by 9.1% during the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock valued at $11,556,000 after acquiring an additional 5,852 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Solar by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 25,437 shares of the solar cell manufacturer’s stock valued at $3,216,000 after purchasing an additional 2,510 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Solar by 57.2% during the 1st quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock worth $5,562,000 after purchasing an additional 16,003 shares during the period. Sumitomo Mitsui Financial Group Inc. increased its position in First Solar by 18.2% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 101,659 shares of the solar cell manufacturer’s stock worth $12,853,000 after purchasing an additional 15,656 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in First Solar in the second quarter valued at approximately $1,323,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FSLR. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Solar in a research note on Thursday, November 13th. The Goldman Sachs Group restated a “buy” rating and set a $316.00 target price on shares of First Solar in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of First Solar from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada raised their price objective on First Solar from $201.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Cowen reaffirmed a “buy” rating on shares of First Solar in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and an average price target of $269.79.

Insider Buying and Selling at First Solar

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of First Solar 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 sale, the director directly owned 15,287 shares in the company, valued at $4,011,308.80. The trade was a 31.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the firm’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 transaction of $9,914,554.12. Following the sale, the insider directly owned 15,424 shares of the company’s stock, valued at $4,087,514.24. The trade was a 70.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,912 shares of company stock worth $12,971,349 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

First Solar Stock Performance

First Solar stock opened at $252.19 on Wednesday. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $281.55. The company has a market capitalization of $27.06 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The firm’s fifty day moving average price is $234.80 and its 200 day moving average price is $194.92.

First Solar (NASDAQ:FSLR) last posted 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). The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.56 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The business’s quarterly revenue was up 79.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

First Solar 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.