Greenleaf Trust Has $823,000 Position in First Solar, Inc. $FSLR

Greenleaf Trust boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 4,969 shares of the solar cell manufacturer’s stock after acquiring an additional 80 shares during the quarter. Greenleaf Trust’s holdings in First Solar were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC boosted its stake in shares of First Solar by 126.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of First Solar by 138.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of First Solar in the 1st quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of First Solar in the 1st quarter valued at $25,000. Finally, Colonial Trust Advisors acquired a new stake in shares of First Solar in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Buying and Selling

In related news, CAO Nathan B. Theurer sold 686 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark R. Widmar sold 2,321 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $199.44, for a total value of $462,900.24. Following the sale, the chief executive officer directly owned 81,861 shares of the company’s stock, valued at approximately $16,326,357.84. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,715 shares of company stock valued at $5,733,305. 0.48% of the stock is owned by company insiders.

First Solar Stock Performance

First Solar stock opened at $232.13 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $240.60. The company has a market cap of $24.90 billion, a PE ratio of 19.86, a PEG ratio of 0.44 and a beta of 1.38. The company’s 50-day moving average is $200.28 and its two-hundred day moving average is $167.18.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.50. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. First Solar had a return on equity of 15.57% and a net margin of 28.95%.First Solar’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.25 EPS. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FSLR shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of First Solar from $225.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday. Guggenheim boosted their target price on shares of First Solar from $202.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Bank of America boosted their target price on shares of First Solar from $185.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of First Solar from $241.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Royal Bank Of Canada upped their price target on shares of First Solar from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.04.

About First Solar

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.