Everest Financial Group LLC Takes Position in First Solar, Inc. $FSLR

Everest Financial Group LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) in the first quarter, Holdings Channel reports. The firm purchased 2,758 shares of the solar cell manufacturer’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSLR. Reflection Asset Management purchased a new position in First Solar during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of First Solar in the 4th quarter worth $26,000. Larson Financial Group LLC grew its position in shares of First Solar by 117.0% during the 4th quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of First Solar during the fourth quarter valued at $30,000. Finally, MV Capital Management Inc. purchased a new position in shares of First Solar during the fourth quarter valued at $30,000. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR stock opened at $202.82 on Friday. The stock’s 50-day moving average is $248.59 and its 200 day moving average is $226.92. First Solar, Inc. has a 1-year low of $171.99 and a 1-year high of $320.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 2.15. The company has a market cap of $21.79 billion, a P/E ratio of 13.10, a PEG ratio of 0.45 and a beta of 1.73.

First Solar (NASDAQ:FSLR) last announced its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. Research analysts predict that First Solar, Inc. will post 17.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on FSLR shares. Truist Financial started coverage on shares of First Solar in a research note on Monday, July 13th. They issued a “hold” rating and a $249.00 price objective for the company. Freedom Capital raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group raised their target price on shares of First Solar from $300.00 to $310.00 in a research report on Friday, May 1st. Barclays boosted their price target on shares of First Solar from $213.00 to $279.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $207.00 price objective on shares of First Solar in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Insider Transactions at First Solar

In related news, insider Kuntal Kumar Verma sold 582 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $250.00, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 4,967 shares in the company, valued at $1,241,750. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 9,926 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $233.21, for a total transaction of $2,314,842.46. Following the sale, the chief executive officer directly owned 95,148 shares of the company’s stock, valued at $22,189,465.08. The trade was a 9.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 31,893 shares of company stock worth $7,893,775. 0.39% of the stock is owned by corporate insiders.

More First Solar News

Here are the key news stories impacting First Solar this week:

• Positive Sentiment: Roth Capital reaffirmed its buy rating on First Solar and set a $300 price target, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Industry commentary highlighted record U.S. solar power output and rising electricity demand from AI data centers, which supports the broader solar demand narrative and could benefit First Solar over time. 24/7 Wall St.
• Neutral Sentiment: Several firms, including Rosen, Howard G. Smith, Schall, Kaplan Fox, Faruqi & Faruqi, and others, reminded investors about pending First Solar securities-fraud class actions and the August 24 lead-plaintiff deadline. PR Newswire
• Neutral Sentiment: Short-interest reporting showed no meaningful update, with the latest filing indicating zero shares reported short and a days-to-cover ratio of 0.0, so it does not appear to be a current market driver.
• Negative Sentiment: The ongoing securities-fraud litigation headlines create a legal overhang that may pressure the shares until there is more clarity on the case outcome.

First Solar Profile

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.