2 weeks Ago By Defense World Staff
APG Asset Management N.V. decreased its position in shares of First Solar, Inc.
( NASDAQ:FSLR – Free Report ) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,484 shares of the solar cell manufacturer’s stock after selling 14,493 shares during the period.
APG Asset Management N.V. owned approximately 0.
28% of First Solar worth $63,212,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in shares of First Solar by 16.
7% during the fourth quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock worth $422,861,000 after acquiring an additional 351,540 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.
A. raised its position in First Solar by 11.1% in the 1st quarter.
BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the solar cell manufacturer’s stock worth $472,963,000 after purchasing an additional 279,719 shares during the period.
Anomaly Capital Management LP bought a new stake in First Solar in the second quarter worth $53,752,000. Canada Pension Plan Investment Board boosted its position in First Solar by 2,429.1% during the second quarter.
Canada Pension Plan Investment Board now owns 174,530 shares of the solar cell manufacturer’s stock valued at $39,350,000 after buying an additional 167,629 shares during the period. Finally, Park West Asset Management LLC bought a new position in shares of First Solar during the fourth quarter valued at about $26,359,000. Institutional investors own 92.
08% of the company’s stock. Analyst Ratings Changes Several equities research analysts recently weighed in on FSLR shares. Piper Sandler increased their target price on First Solar from $219.
00 to $250.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. JPMorgan Chase & Co.
increased their price objective on First Solar from $262.00 to $282.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th.
Royal Bank of Canada reaffirmed an “outperform” rating and issued a $315.00 target price on shares of First Solar in a research note on Wednesday, July 31st. Barclays increased their price target on shares of First Solar from $280.
00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America upped their price objective on shares of First Solar from $320.
00 to $343.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock.
Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12. First Solar Stock Performance Shares of FSLR opened at $255.
66 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.
23 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $224.
73 and its 200-day moving average price is $215.14. First Solar, Inc.
has a 52 week low of $129.21 and a 52 week high of $306.77.
The stock has a market cap of $27.37 billion, a P/E ratio of 26.80, a P/E/G ratio of 0.
42 and a beta of 1.44. First Solar ( NASDAQ:FSLR – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th.
The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.
56. First Solar had a return on equity of 17.73% and a net margin of 31.
98%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $939.
71 million. During the same quarter in the previous year, the firm earned $1.85 EPS.
First Solar’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts anticipate that First Solar, Inc.
will post 13.62 earnings per share for the current fiscal year. Insider Buying and Selling In other First Solar news, CAO Byron Michael Jeffers sold 500 shares of the stock in a transaction on Monday, August 12th.
The stock was sold at an average price of $220.00, for a total transaction of $110,000.00.
The sale was disclosed in a filing with the SEC, which is available through this link . In related news, insider Patrick James Buehler sold 8,619 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.
00, for a total transaction of $1,913,418.00. Following the transaction, the insider now owns 3,468 shares in the company, valued at $769,896.
The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $220.
00, for a total transaction of $110,000.00. The disclosure for this sale can be found here .
Insiders sold a total of 10,885 shares of company stock worth $2,405,757 in the last three months. Insiders own 0.58% of the company’s stock.
About First Solar ( Free Report ) First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. Recommended Stories Five stocks we like better than First Solar What is the Shanghai Stock Exchange Composite Index? Rocket Lab Stock Soars: Should Investors Chase the Rally? How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? KB Home Slips After Earnings: What’s Next for Homebuilders? How to Invest in Blue Chip Stocks Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Solar, Inc. ( NASDAQ:FSLR – Free Report ). Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.
com's FREE daily email newsletter ..
