First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,383 shares of the solar cell manufacturer’s stock after buying an additional 110 shares during the quarter. Bleakley Financial Group LLC’s holdings in First Solar were worth $345,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Atlas Capital Advisors LLC raised its stake in shares of First Solar by 411.1% during the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after buying an additional 111 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of First Solar during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in First Solar in the 2nd quarter valued at $36,000. Itau Unibanco Holding S.A. acquired a new position in First Solar in the 2nd quarter valued at $38,000. Finally, Riverview Trust Co acquired a new position in First Solar in the 1st quarter valued at $32,000. 92.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Solar

In other First Solar news, CAO Byron Michael Jeffers sold 1,766 shares of First Solar stock in a transaction that occurred on 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 of the company’s stock, valued at $108,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other First Solar news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 of the company’s stock, valued at $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Byron Michael Jeffers sold 1,766 shares of First Solar stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 500 shares in the company, valued at $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 90 days, insiders have sold 10,885 shares of company stock valued at $2,405,757. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FSLR shares. Robert W. Baird reduced their price objective on First Solar from $344.00 to $307.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Truist Financial started coverage on First Solar in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective for the company. Piper Sandler increased their price objective on First Solar from $219.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Hsbc Global Res raised First Solar to a “strong-buy” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $288.46.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $201.40 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $306.77. The firm has a market capitalization of $21.56 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.38 and a beta of 1.44. The stock’s 50-day simple moving average is $226.51 and its 200-day simple moving average is $223.39.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share 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 business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $939.71 million. During the same quarter last year, the company earned $1.85 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts forecast that First Solar, Inc. will post 13.53 EPS for the current fiscal year.

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.