2,724 Shares in First Solar, Inc. $FSLR Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,724 shares of the solar cell manufacturer’s stock, valued at approximately $712,000.

Several other hedge funds also recently bought and sold shares of FSLR. Woodline Partners LP boosted its holdings in First Solar by 40.7% in the 1st quarter. Woodline Partners LP now owns 9,044 shares of the solar cell manufacturer’s stock worth $1,143,000 after buying an additional 2,615 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in First Solar by 50.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the solar cell manufacturer’s stock worth $85,000 after buying an additional 174 shares during the period. Brown Advisory Inc. boosted its holdings in First Solar by 84.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,529 shares of the solar cell manufacturer’s stock worth $750,000 after buying an additional 2,072 shares during the period. Cerity Partners LLC bought a new position in First Solar in the 2nd quarter worth $494,000. Finally, California Public Employees Retirement System boosted its holdings in First Solar by 2.9% in the 2nd quarter. California Public Employees Retirement System now owns 138,027 shares of the solar cell manufacturer’s stock worth $22,849,000 after buying an additional 3,841 shares during the period. Institutional investors own 92.08% of the company’s stock.

Insiders Place Their Bets

In other First Solar news, insider Kuntal Kumar Verma sold 3,426 shares of First Solar stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $195.93, for a total value of $671,256.18. Following the completion of the transaction, the insider directly owned 8,334 shares of the company’s stock, valued at $1,632,880.62. This trade represents a 29.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Alexander R. Bradley sold 14,106 shares of First Solar stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $199.97, for a total transaction of $2,820,776.82. Following the completion of the transaction, the chief financial officer directly owned 30,000 shares of the company’s stock, valued at $5,999,100. The trade was a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 75,989 shares of company stock worth $14,921,902. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the subject of several recent analyst reports. Evercore dropped their target price on shares of First Solar from $241.00 to $212.00 in a report on Thursday, March 5th. Wolfe Research downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Argus reduced their price target on shares of First Solar from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. TD Cowen reduced their price target on shares of First Solar from $320.00 to $253.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Freedom Capital downgraded shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.13.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $203.47 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.35 and a current ratio of 2.67. The company has a market cap of $21.86 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.37 and a beta of 1.61. The firm’s fifty day moving average is $208.16 and its two-hundred day moving average is $234.79. First Solar, Inc. has a 52-week low of $119.09 and a 52-week high of $285.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 24th. The solar cell manufacturer reported $4.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.38). First Solar had a net margin of 29.28% and a return on equity of 17.32%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm posted $3.65 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

First Solar 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.