2,723 Shares in First Solar, Inc. $FSLR Purchased by Inceptionr LLC

Inceptionr LLC bought a new stake in First Solar, Inc. (NASDAQ:FSLR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,723 shares of the solar cell manufacturer’s stock, valued at approximately $537,000.

Several other large investors have also recently bought and sold shares of FSLR. Geode Capital Management LLC lifted its stake in shares of First Solar by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock worth $761,396,000 after acquiring an additional 24,206 shares during the period. Viking Global Investors LP increased its stake in shares of First Solar by 60.6% during the second quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after acquiring an additional 854,919 shares during the period. Amundi raised its holdings in First Solar by 9.4% during the fourth quarter. Amundi now owns 2,215,461 shares of the solar cell manufacturer’s stock worth $578,791,000 after purchasing an additional 189,626 shares in the last quarter. Norges Bank bought a new stake in First Solar during the fourth quarter worth approximately $392,040,000. Finally, Schroder Investment Management Group lifted its position in First Solar by 7.6% in the fourth quarter. Schroder Investment Management Group now owns 1,427,105 shares of the solar cell manufacturer’s stock worth $372,803,000 after purchasing an additional 100,908 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

More First Solar News

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.

First Solar Stock Down 1.5%

Shares of First Solar stock opened at $202.82 on Friday. First Solar, Inc. has a 12-month low of $171.99 and a 12-month high of $320.95. The firm has a market capitalization of $21.79 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.45 and a beta of 1.73. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $248.59 and its 200-day moving average is $226.92.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts anticipate that First Solar, Inc. will post 17.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FSLR. Morgan Stanley boosted their price objective on First Solar from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Mizuho raised their target price on First Solar from $243.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $207.00 target price on shares of First Solar in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of First Solar from $255.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group upped their price target on shares of First Solar from $300.00 to $310.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.10.

Insider Activity

In related news, General Counsel Jason E. Dymbort sold 409 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $215.63, for a total transaction of $88,192.67. Following the transaction, the general counsel owned 10,409 shares of the company’s stock, valued at approximately $2,244,492.67. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Caroline Stockdale sold 10,628 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider directly owned 23,792 shares in the company, valued at $6,557,075.20. The trade was a 30.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 31,893 shares of company stock worth $7,893,775. Corporate insiders own 0.39% of the company’s stock.

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.