Investment Analysts’ Recent Ratings Changes for First Solar (FSLR)

First Solar (NASDAQ: FSLR) has recently received a number of price target changes and ratings updates:

• 4/19/2024 – First Solar had its price target raised by analysts at Barclays PLC from $224.00 to $227.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – First Solar was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $250.00 price target on the stock, up previously from $187.00.
• 4/18/2024 – First Solar had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $230.00 price target on the stock.
• 4/17/2024 – First Solar had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $269.00 price target on the stock.
• 4/17/2024 – First Solar is now covered by analysts at DZ Bank AG. They set a “buy” rating and a $205.00 price target on the stock.
• 4/12/2024 – First Solar is now covered by analysts at Janney Montgomery Scott. They set a “buy” rating and a $236.00 price target on the stock.
• 4/10/2024 – First Solar had its price target raised by analysts at Bank of America Co. from $187.00 to $194.00. They now have a “buy” rating on the stock.
• 4/5/2024 – First Solar had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $258.00 price target on the stock.
• 2/28/2024 – First Solar had its price target lowered by analysts at Susquehanna from $261.00 to $258.00. They now have a “positive” rating on the stock.
• 2/28/2024 – First Solar had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $195.00 price target on the stock.
• 2/28/2024 – First Solar had its price target raised by analysts at Oppenheimer Holdings Inc. from $268.00 to $269.00. They now have an “outperform” rating on the stock.

First Solar Trading Up 0.8 %

First Solar stock traded up $1.46 during trading hours on Monday, reaching $176.50. The company had a trading volume of 960,632 shares, compared to its average volume of 2,077,921. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 0.30 and a beta of 1.41. First Solar, Inc. has a 12-month low of $129.21 and a 12-month high of $232.00. The company has a 50-day moving average price of $161.34 and a 200 day moving average price of $156.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.55 and a quick ratio of 2.92.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned ($0.07) EPS. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts forecast that First Solar, Inc. will post 13.55 earnings per share for the current year.

Insider Activity at First Solar

In other First Solar news, Director R Craig Kennedy sold 1,500 shares of First Solar stock in a transaction on Friday, March 1st. The stock was sold at an average price of $157.76, for a total transaction of $236,640.00. Following the completion of the transaction, the director now owns 15,641 shares in the company, valued at $2,467,524.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kuntal Kumar Verma sold 250 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $148.34, for a total value of $37,085.00. Following the completion of the transaction, the insider now owns 5,170 shares in the company, valued at $766,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Craig Kennedy sold 1,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $157.76, for a total value of $236,640.00. Following the sale, the director now directly owns 15,641 shares of the company’s stock, valued at approximately $2,467,524.16. The disclosure for this sale can be found here. Insiders have sold 26,620 shares of company stock worth $4,269,540 over the last ninety days. 0.58% of the stock is owned by corporate insiders.

Institutional Trading of First Solar

Several hedge funds have recently bought and sold shares of FSLR. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First Solar by 4.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,058 shares of the solar cell manufacturer’s stock valued at $94,419,000 after buying an additional 20,946 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in First Solar by 504.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 399,650 shares of the solar cell manufacturer’s stock valued at $68,852,000 after buying an additional 333,496 shares during the last quarter. Sora Investors LLC boosted its stake in First Solar by 63.6% during the third quarter. Sora Investors LLC now owns 90,000 shares of the solar cell manufacturer’s stock valued at $14,543,000 after buying an additional 35,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in First Solar by 2.4% during the third quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock valued at $1,945,549,000 after buying an additional 279,424 shares during the last quarter. Finally, Bull Oak Capital LLC raised its position in First Solar by 304,592.2% during the fourth quarter. Bull Oak Capital LLC now owns 155,393 shares of the solar cell manufacturer’s stock valued at $26,771,000 after purchasing an additional 155,342 shares during the period. Institutional investors own 92.08% of the company’s stock.

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.