Towarzystwo Funduszy Inwestycyjnych PZU SA Decreases Stake in First Solar, Inc. $FSLR

Towarzystwo Funduszy Inwestycyjnych PZU SA reduced its position in First Solar, Inc. (NASDAQ:FSLR) by 34.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,264 shares of the solar cell manufacturer’s stock after selling 5,430 shares during the period. First Solar accounts for 0.7% of Towarzystwo Funduszy Inwestycyjnych PZU SA’s investment portfolio, making the stock its 20th largest holding. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in First Solar were worth $2,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FSLR. Aventura Private Wealth LLC purchased a new stake in shares of First Solar in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new stake in First Solar during the fourth quarter worth approximately $26,000. Strategic Wealth Investment Group LLC purchased a new stake in First Solar during the second quarter valued at approximately $26,000. Larson Financial Group LLC raised its position in First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in First Solar during the fourth quarter valued at approximately $30,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Jason E. Dymbort sold 9,022 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $199.62, for a total transaction of $1,800,971.64. Following the transaction, the general counsel owned 9,850 shares of the company’s stock, valued at approximately $1,966,257. This represents a 47.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark R. Widmar sold 9,926 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $233.21, for a total value of $2,314,842.46. Following the transaction, the chief executive officer directly owned 95,148 shares in the company, valued at approximately $22,189,465.08. This represents a 9.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 55,870 shares of company stock valued at $12,690,924. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on FSLR. UBS Group upped their price objective on First Solar from $290.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft downgraded First Solar from a “buy” rating to a “hold” rating and decreased their price objective for the company from $300.00 to $245.00 in a research report on Wednesday, February 25th. Freedom Capital upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Barclays decreased their price objective on First Solar from $228.00 to $213.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Finally, HSBC upped their price objective on First Solar from $211.00 to $231.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.99.

First Solar News Summary

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

• Positive Sentiment: Mizuho raised its price target on First Solar to $300 from $243, implying meaningful upside from recent trading levels and reinforcing confidence in the company’s outlook. Mizuho price target update
• Positive Sentiment: UBS Group also lifted its price target to $330 from $290 and maintained a buy rating, signaling continued optimism around First Solar’s growth prospects. UBS analyst update
• Positive Sentiment: Analyst commentary this week highlighted that First Solar has outperformed the S&P 500 over the past year, with sentiment remaining moderately bullish on the stock’s longer-term growth potential.
• Neutral Sentiment: One recent market article compared First Solar’s performance with the broader S&P 500, underscoring that the stock is still being closely watched by investors for relative performance trends. First Solar vs. S&P 500 article
• Neutral Sentiment: A separate note said First Solar declined while the broader market improved, suggesting the move may reflect normal trading volatility rather than a company-specific negative catalyst. Zacks market comparison article

First Solar Stock Performance

FSLR opened at $267.31 on Monday. The stock has a market cap of $28.72 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 0.59 and a beta of 1.71. The stock’s 50 day moving average price is $231.95 and its 200-day moving average price is $233.47. First Solar, Inc. has a one year low of $135.50 and a one year high of $320.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.56.

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

First Solar Company 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.