Deutsche Bank AG Has $329.53 Million Stock Holdings in First Solar, Inc. $FSLR

Deutsche Bank AG raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,261,472 shares of the solar cell manufacturer’s stock after purchasing an additional 65,486 shares during the quarter. Deutsche Bank AG’s holdings in First Solar were worth $329,534,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Atlatl Advisers LLC acquired a new stake in shares of First Solar during the 4th quarter valued at $1,697,000. Vanguard Group Inc. boosted its holdings in shares of First Solar by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 13,721,979 shares of the solar cell manufacturer’s stock valued at $3,026,108,000 after acquiring an additional 464,130 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Solar by 1,054.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,219 shares of the solar cell manufacturer’s stock valued at $13,641,000 after acquiring an additional 47,695 shares in the last quarter. Bornite Capital Management LP acquired a new stake in shares of First Solar during the 3rd quarter valued at $22,053,000. Finally, Lee Johnson Capital Management LLC acquired a new stake in shares of First Solar during the 4th quarter valued at $5,304,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Transactions at First Solar

In other news, CEO Mark R. Widmar sold 9,926 shares of First Solar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $233.21, for a total value of $2,314,842.46. Following the completion of the transaction, the chief executive officer directly owned 95,148 shares of the company’s stock, valued at approximately $22,189,465.08. This trade represents a 9.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total value of $1,800,971.64. Following the completion of the transaction, the general counsel directly owned 9,850 shares of the company’s stock, valued at approximately $1,966,257. This trade represents a 47.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 60,694 shares of company stock worth $13,659,583. Corporate insiders own 0.39% of the company’s stock.

First Solar Stock Down 4.9%

Shares of FSLR opened at $249.27 on Thursday. The stock’s 50-day moving average price is $229.12 and its two-hundred day moving average price is $233.27. First Solar, Inc. has a 12 month low of $135.50 and a 12 month high of $320.95. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $26.78 billion, a PE ratio of 16.10, a PEG ratio of 0.58 and a beta of 1.71.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.35. First Solar had a return on equity of 18.01% and a net margin of 30.73%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $1.95 EPS. The business’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts anticipate that First Solar, Inc. will post 17.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Needham & Company LLC raised their price objective on First Solar from $286.00 to $303.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Jefferies Financial Group cut their price objective on First Solar from $205.00 to $187.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Evercore raised their price objective on First Solar from $212.00 to $219.00 in a report on Monday, May 4th. The Goldman Sachs Group raised their price objective on First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Finally, Susquehanna cut their price objective on First Solar from $280.00 to $250.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus price target of $247.40.

About First Solar

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.