First Solar, Inc. $FSLR Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in First Solar, Inc. by 3.7% in Q2, owning 1.26% of the company worth $223.5 million. Other investors also adjusted their positions. Analysts have given First Solar a consensus rating of 'Moderate Buy' with a price target of $269.79. Recent insider sales include Director Paul H. Stebbins and insider Georges Antoun, who sold shares worth $1.8 million and $9.9 million, respectively.

Schroder Investment Management Group raised its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,350,084 shares of the solar cell manufacturer's stock after acquiring an additional 47,646 shares during the quarter. Schroder Investment Management Group owned 1.26% of First Solar worth $223,493,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other large investors also recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ boosted its holdings in First Solar by 7.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 55,893 shares of the solar cell manufacturer's stock worth $9,253,000 after buying an additional 4,049 shares in the last quarter. F m Investments LLC boosted its stake in shares of First Solar by 1.7% during the 2nd quarter. F m Investments LLC now owns 23,896 shares of the solar cell manufacturer's stock worth $3,956,000 after acquiring an additional 397 shares in the last quarter. Norges Bank acquired a new position in shares of First Solar in the 2nd quarter worth $212,621,000. Scotia Capital Inc. grew its holdings in shares of First Solar by 79.2% in the 2nd quarter. Scotia Capital Inc. now owns 3,988 shares of the solar cell manufacturer's stock worth $660,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of First Solar by 10.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 394,467 shares of the solar cell manufacturer's stock worth $65,300,000 after purchasing an additional 35,960 shares during the period. Institutional investors own 92.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FSLR shares. Morgan Stanley set a $275.00 price target on First Solar in a research report on Friday, October 31st. Evercore ISI raised their target price on shares of First Solar from $240.90 to $241.00 in a report on Friday, October 31st. Roth Capital set a $300.00 target price on shares of First Solar in a research report on Friday, October 31st. Citigroup boosted their price target on shares of First Solar from $198.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, October 14th. Finally, Wolfe Research raised their price objective on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $269.79.

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Read Our Latest Stock Analysis on FSLR

Insider Transactions at First Solar

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the business's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the transaction, the director owned 15,287 shares in the company, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Georges Antoun sold 37,412 shares of the company's stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the completion of the transaction, the insider directly owned 15,424 shares in the company, valued at approximately $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,912 shares of company stock valued at $12,971,349. 0.48% of the stock is owned by insiders.

First Solar Price Performance

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NASDAQ FSLR opened at $273.04 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.41. The firm has a market capitalization of $29.30 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 0.46 and a beta of 1.51. The company has a 50 day simple moving average of $243.43 and a 200-day simple moving average of $201.03. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $281.55.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a net margin of 28.95% and a return on equity of 15.57%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company posted $2.91 EPS. The firm's quarterly revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Equities research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

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.

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