BROOKFIELD Corp ON Has $88,000 Stock Position in First Solar, Inc. $FSLR

BROOKFIELD Corp ON lowered its stake in First Solar, Inc. (NASDAQ:FSLR) by 94.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 444 shares of the solar cell manufacturer’s stock after selling 7,185 shares during the quarter. BROOKFIELD Corp ON’s holdings in First Solar were worth $88,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FSLR. Apollon Wealth Management LLC increased its position in shares of First Solar by 1.2% during the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock worth $942,000 after acquiring an additional 44 shares in the last quarter. Root Financial Partners LLC lifted its position in First Solar by 18.2% in the 4th quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock valued at $76,000 after acquiring an additional 45 shares in the last quarter. FIL Ltd lifted its position in First Solar by 6.9% in the 4th quarter. FIL Ltd now owns 708 shares of the solar cell manufacturer’s stock valued at $185,000 after acquiring an additional 46 shares in the last quarter. Fielder Capital Group LLC boosted its stake in First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock worth $312,000 after purchasing an additional 47 shares during the period. Finally, Burford Brothers Inc. boosted its stake in First Solar by 0.3% in the 4th quarter. Burford Brothers Inc. now owns 19,080 shares of the solar cell manufacturer’s stock worth $4,984,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FSLR shares. Roth Capital reissued a “buy” rating and issued a $300.00 price target on shares of First Solar in a research note on Friday. UBS Group upped their price objective on First Solar from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Guggenheim increased their price objective on First Solar from $269.00 to $279.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company lifted their target price on First Solar from $255.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, Susquehanna boosted their target price on First Solar from $250.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.10.

Trending Headlines about First Solar

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Roth Capital reaffirmed its buy rating on First Solar and set a $300 price target, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Industry commentary highlighted record U.S. solar power output and rising electricity demand from AI data centers, which supports the broader solar demand narrative and could benefit First Solar over time. 24/7 Wall St.
• Neutral Sentiment: Several firms, including Rosen, Howard G. Smith, Schall, Kaplan Fox, Faruqi & Faruqi, and others, reminded investors about pending First Solar securities-fraud class actions and the August 24 lead-plaintiff deadline. PR Newswire
• Neutral Sentiment: Short-interest reporting showed no meaningful update, with the latest filing indicating zero shares reported short and a days-to-cover ratio of 0.0, so it does not appear to be a current market driver.
• Negative Sentiment: The ongoing securities-fraud litigation headlines create a legal overhang that may pressure the shares until there is more clarity on the case outcome.

Insider Activity at First Solar

In other news, General Counsel Jason E. Dymbort sold 409 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $215.63, for a total value of $88,192.67. Following the completion of the sale, the general counsel owned 10,409 shares of the company’s stock, valued at approximately $2,244,492.67. This represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Markus Gloeckler sold 420 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $90,564.60. Following the completion of the transaction, the chief technology officer directly owned 10,896 shares of the company’s stock, valued at $2,349,504.48. This represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 31,893 shares of company stock worth $7,893,775. Insiders own 0.39% of the company’s stock.

First Solar Price Performance

NASDAQ:FSLR opened at $202.82 on Monday. First Solar, Inc. has a 52-week low of $171.99 and a 52-week high of $320.95. The company has a market cap of $21.79 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.45 and a beta of 1.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56. The stock’s 50-day simple moving average is $248.59 and its 200 day simple moving average is $226.61.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, beating the consensus estimate of $2.87 by $0.35. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 earnings per share. As a group, sell-side analysts forecast that First Solar, Inc. will post 17.54 EPS for the current fiscal year.

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.