Analysts Set First Solar, Inc. (NASDAQ:FSLR) Target Price at $271.27

by · The Cerbat Gem

First Solar, Inc. (NASDAQ:FSLR – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $271.2654.

A number of equities analysts have commented on FSLR shares. Cowen reaffirmed a “buy” rating on shares of First Solar in a research note on Friday, October 31st. Daiwa Capital Markets lifted their target price on shares of First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Barclays reissued an “overweight” rating and set a $279.00 price target on shares of First Solar in a research report on Monday, November 3rd. Royal Bank Of Canada raised their price target on shares of First Solar from $201.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Wolfe Research upped their price objective on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st.

Read Our Latest Analysis on FSLR

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $274.34 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a market cap of $29.44 billion, a PE ratio of 21.07, a PEG ratio of 0.34 and a beta of 1.60. The company’s fifty day moving average is $261.42 and its 200 day moving average is $218.99. First Solar has a 52 week low of $116.56 and a 52 week high of $285.99.

First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.08). First Solar had a net margin of 27.73% and a return on equity of 16.61%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $2.91 earnings per share. The firm’s quarterly revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. Research analysts anticipate that First Solar will post 13.05 earnings per share for the current year.

Insider Buying and Selling at First Solar

In other news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the transaction, the director directly owned 15,287 shares of the company’s stock, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $271.11, for a total value of $1,219,995.00. Following the completion of the sale, the director directly owned 13,662 shares of the company’s stock, valued at $3,703,904.82. The trade was a 24.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,912 shares of company stock valued at $12,971,349 in the last 90 days. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its position in shares of First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer’s stock valued at $25,000 after buying an additional 85 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the 2nd quarter valued at approximately $26,000. Harbor Investment Advisory LLC boosted its position in First Solar by 138.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after acquiring an additional 75 shares during the period. Finally, Total Investment Management Inc. bought a new position in shares of First Solar in the 2nd quarter worth approximately $36,000. 92.08% of the stock is currently owned by institutional investors.

About First Solar

(Get Free Report)

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.

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