First Solar, Inc. $FSLR Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. increased its holdings in First Solar, Inc. (NASDAQ:FSLR) by 200.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,171 shares of the solar cell manufacturer’s stock after buying an additional 22,116 shares during the period. Osaic Holdings Inc.’s holdings in First Solar were worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FSLR. Raymond James Financial Inc. boosted its holdings in shares of First Solar by 57.2% in 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 acquiring an additional 16,003 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in First Solar by 52.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 693,655 shares of the solar cell manufacturer’s stock valued at $87,700,000 after purchasing an additional 238,946 shares during the period. Norinchukin Bank The lifted its position in First Solar by 12.7% during the first quarter. Norinchukin Bank The now owns 4,765 shares of the solar cell manufacturer’s stock valued at $602,000 after purchasing an additional 536 shares during the period. Allstate Corp boosted its holdings in First Solar by 57.4% in the first quarter. Allstate Corp now owns 4,719 shares of the solar cell manufacturer’s stock valued at $597,000 after purchasing an additional 1,721 shares during the last quarter. Finally, AlphaQuest LLC grew its position in First Solar by 39.8% during the 1st quarter. AlphaQuest LLC now owns 1,546 shares of the solar cell manufacturer’s stock worth $195,000 after purchasing an additional 440 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other First Solar news, Director Michael T. Sweeney sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $271.11, for a total transaction of $1,219,995.00. Following the completion of the sale, the director directly owned 13,662 shares in the company, valued at approximately $3,703,904.82. The trade was a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $262.40, for a total value of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,912 shares of company stock worth $12,971,349. Insiders own 0.48% of the company’s stock.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $284.59 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The firm has a fifty day moving average of $254.92 and a 200 day moving average of $212.32. The firm has a market cap of $30.54 billion, a PE ratio of 21.86, a PEG ratio of 0.52 and a beta of 1.59. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data 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 company had revenue of $1.59 billion for 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% on a year-over-year basis. 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. As a group, research analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLR has been the subject of several analyst reports. Royal Bank Of Canada boosted their price objective on First Solar from $201.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Needham & Company LLC initiated coverage on First Solar in a research report on Wednesday, October 22nd. They set a “buy” rating and a $286.00 price target for the company. Barclays restated an “overweight” rating and issued a $279.00 price objective on shares of First Solar in a research report on Monday, November 3rd. Bank of America raised their price objective on shares of First Solar from $209.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Robert W. Baird boosted their target price on shares of First Solar from $240.00 to $264.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $271.27.

About First Solar

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.