Venture Visionary Partners LLC Grows Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Venture Visionary Partners LLC boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,086 shares of the solar cell manufacturer’s stock after acquiring an additional 388 shares during the period. Venture Visionary Partners LLC’s holdings in First Solar were worth $9,001,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in First Solar during the first quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new position in First Solar in the 3rd quarter worth approximately $25,000. Atlas Capital Advisors LLC lifted its position in First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after purchasing an additional 111 shares during the period. Riverview Trust Co acquired a new stake in First Solar in the first quarter worth approximately $32,000. Finally, Summit Securities Group LLC acquired a new stake in shares of First Solar during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

Shares of First Solar stock traded down $4.30 on Monday, reaching $196.25. 2,507,725 shares of the stock were exchanged, compared to its average volume of 2,377,514. The firm’s 50 day moving average is $226.97 and its 200-day moving average is $223.22. First Solar, Inc. has a one year low of $129.21 and a one year high of $306.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. The firm has a market cap of $21.01 billion, a PE ratio of 20.51, a P/E/G ratio of 0.38 and a beta of 1.44.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating the consensus estimate of $2.69 by $0.56. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. First Solar had a net margin of 31.98% and a return on equity of 17.73%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, analysts anticipate that First Solar, Inc. will post 13.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of First Solar from $215.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Piper Sandler raised their price target on First Solar from $219.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Truist Financial started coverage on First Solar in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target on the stock. Susquehanna lowered their price target on First Solar from $285.00 to $280.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lowered their price target on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.96.

Insider Buying and Selling at First Solar

In other First Solar news, CAO Byron Michael Jeffers sold 1,766 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total value of $382,339.00. Following the completion of the sale, the chief accounting officer now directly owns 500 shares in the company, valued at approximately $108,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction dated 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 completion of the transaction, the insider now directly owns 3,468 shares in the company, valued at $769,896. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.00. Following the transaction, the chief accounting officer now owns 500 shares in the company, valued at approximately $108,250. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,885 shares of company stock worth $2,405,757. 0.58% of the stock is currently owned by company insiders.

First Solar Company Profile

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.