First Solar, Inc. (NASDAQ:FSLR) Position Reduced by Nia Impact Advisors LLC

Nia Impact Advisors LLC lessened its stake in First Solar, Inc. (NASDAQ:FSLR) by 25.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,121 shares of the solar cell manufacturer’s stock after selling 11,376 shares during the period. First Solar accounts for about 2.7% of Nia Impact Advisors LLC’s portfolio, making the stock its 10th largest position. Nia Impact Advisors LLC’s holdings in First Solar were worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in First Solar during the 4th quarter valued at about $69,000. Dimensional Fund Advisors LP increased its position in First Solar by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 785,371 shares of the solar cell manufacturer’s stock valued at $135,310,000 after purchasing an additional 6,418 shares during the period. Janney Montgomery Scott LLC increased its position in First Solar by 1,176.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,875 shares of the solar cell manufacturer’s stock valued at $2,907,000 after purchasing an additional 15,553 shares during the period. Robeco Institutional Asset Management B.V. increased its position in First Solar by 33.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 12,826 shares of the solar cell manufacturer’s stock valued at $2,210,000 after purchasing an additional 3,239 shares during the period. Finally, Brown Advisory Inc. increased its position in First Solar by 26.6% during the 4th quarter. Brown Advisory Inc. now owns 3,173 shares of the solar cell manufacturer’s stock valued at $547,000 after purchasing an additional 666 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 3.0 %

FSLR stock opened at $228.79 on Friday. The firm’s fifty day simple moving average is $221.07 and its 200-day simple moving average is $210.14. The company has a market capitalization of $24.49 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.23 and a quick ratio of 1.65. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $306.77.

First Solar (NASDAQ:FSLR) last released 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 for 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 business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. As a group, equities research analysts forecast that First Solar, Inc. will post 13.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on FSLR. Piper Sandler raised their target price on shares of First Solar from $219.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Robert W. Baird cut their target price on shares of First Solar from $344.00 to $307.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. BMO Capital Markets cut their price objective on shares of First Solar from $311.00 to $286.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Clarkson Capital initiated coverage on shares of First Solar in a research report on Wednesday, August 14th. They issued a “buy” rating and a $270.00 price objective on the stock. Finally, William Blair initiated coverage on shares of First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average target price of $277.25.

Insider Activity

In related news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now directly owns 3,468 shares in the company, valued at approximately $769,896. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now directly owns 3,468 shares in the company, valued at approximately $769,896. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kuntal Kumar Verma sold 1,621 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $260.00, for a total transaction of $421,460.00. Following the completion of the transaction, the insider now owns 3,549 shares of the company’s stock, valued at $922,740. The disclosure for this sale can be found here. Insiders have sold 12,506 shares of company stock valued at $2,827,217 in the last ninety days. Insiders own 0.58% of the company’s stock.

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.