Union Bancaire Privee UBP SA Has $1.94 Million Position in First Solar, Inc. $FSLR

Union Bancaire Privee UBP SA boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 36.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,792 shares of the solar cell manufacturer’s stock after purchasing an additional 2,326 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in First Solar were worth $1,939,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SFE Investment Counsel grew its position in shares of First Solar by 9.1% in the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock valued at $11,556,000 after purchasing an additional 5,852 shares during the last quarter. Raymond James Financial Inc. boosted its stake in 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 valued at $5,562,000 after purchasing an additional 16,003 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in First Solar in the 2nd quarter valued at approximately $1,323,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in First Solar by 49.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,251 shares of the solar cell manufacturer’s stock valued at $10,471,000 after buying an additional 20,884 shares during the last quarter. Finally, State Street Corp increased its position in First Solar by 2.1% in the 2nd quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock worth $881,680,000 after buying an additional 111,927 shares during the period. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $275.00 price objective on shares of First Solar in a research note on Friday, October 31st. Rothschild & Co Redburn raised their price target on shares of First Solar from $150.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of First Solar from $278.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. TD Cowen increased their target price on shares of First Solar from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Guggenheim boosted their price target on First Solar from $287.00 to $289.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and a consensus price target of $270.73.

Insider Activity at First Solar

In related news, insider Georges Antoun sold 37,412 shares of the business’s stock in a transaction 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 sale, the insider 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the stock in a transaction 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 transaction, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,912 shares of company stock valued at $12,971,349 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

First Solar Price Performance

Shares of First Solar stock opened at $254.03 on Thursday. The firm has a market cap of $27.26 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59. The firm’s 50-day simple moving average is $252.38 and its 200-day simple moving average is $209.57. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $281.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.08). The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same period last year, the company earned $2.91 EPS. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. As a group, research analysts expect 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.