First Solar, Inc. (NASDAQ:FSLR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Solar, Inc. (NASDAQ:FSLR) have received a consensus rating of “Moderate Buy” from the thirty-three analysts that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $276.7567.

Several research firms have issued reports on FSLR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $300.00 price objective on shares of First Solar in a report on Wednesday, January 7th. Daiwa Capital Markets raised their price target on shares of First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Roth Mkm set a $300.00 price objective on First Solar in a research note on Friday, October 31st. Seaport Research Partners increased their target price on First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st.

First Solar Stock Performance

NASDAQ FSLR opened at $235.05 on Friday. The stock has a market capitalization of $25.22 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 0.31 and a beta of 1.60. The stock has a 50-day moving average of $256.71 and a 200 day moving average of $228.91. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. First Solar has a twelve month low of $116.56 and a twelve month 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 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm earned $2.91 earnings per share. The firm’s quarterly revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Sell-side analysts anticipate that First Solar will post 13.05 EPS for the current fiscal year.

Insider Transactions at First Solar

In related news, insider Georges Antoun sold 37,412 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the transaction, the insider directly owned 15,424 shares in the company, valued at approximately $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 7,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the completion of the sale, the director owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,912 shares of company stock valued at $12,971,349 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Solar

Several hedge funds and other institutional investors have recently made changes to their positions in FSLR. TD Private Client Wealth LLC increased its stake in shares of 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 worth $25,000 after acquiring an additional 85 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in First Solar during the fourth quarter worth about $25,000. Strategic Wealth Investment Group LLC purchased a new position in First Solar during the second quarter worth about $26,000. Hantz Financial Services Inc. raised 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 worth $30,000 after purchasing an additional 75 shares during the period. Finally, Total Investment Management Inc. acquired a new position in First Solar in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Company Profile

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.