Venture Visionary Partners LLC Sells 4,927 Shares of First Solar, Inc. $FSLR

Venture Visionary Partners LLC lowered its stake in First Solar, Inc. (NASDAQ:FSLR) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,843 shares of the solar cell manufacturer’s stock after selling 4,927 shares during the quarter. Venture Visionary Partners LLC’s holdings in First Solar were worth $8,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new stake in First Solar during the 1st quarter valued at approximately $25,000. TD Private Client Wealth LLC increased its holdings in First Solar by 126.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after acquiring an additional 85 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar during the second quarter valued at about $26,000. Harbor Investment Advisory LLC boosted its stake in First Solar by 138.9% during the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake 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 buying an additional 75 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Solar

In other news, Director Michael T. Sweeney sold 4,500 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the sale, the director directly owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul H. Stebbins sold 7,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. This trade represents a 31.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

First Solar Trading Up 0.4%

Shares of NASDAQ:FSLR opened at $255.89 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. The firm has a market capitalization of $27.46 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.50 and a beta of 1.59. The business’s 50-day moving average is $251.31 and its 200 day moving average is $208.56. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $281.55.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS 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 analysts’ expectations of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. The business’s revenue for the quarter was up 79.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 earnings per share. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSLR has been the topic of several research reports. Bank of America boosted their price target on shares of First Solar from $209.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen raised shares of First Solar from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wells Fargo & Company boosted their target price on shares of First Solar from $213.00 to $270.00 in a report on Friday, October 31st. Guggenheim lifted their price target on First Solar from $287.00 to $289.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $275.00 target price on First Solar in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.73.

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.