Clean Energy Transition LLP Has $300.15 Million Stock Holdings in First Solar, Inc. $FSLR

by · The Markets Daily

Clean Energy Transition LLP lifted its position in First Solar, Inc. (NASDAQ:FSLR – Free Report) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,148,982 shares of the solar cell manufacturer’s stock after buying an additional 31,754 shares during the period. First Solar makes up about 25.0% of Clean Energy Transition LLP’s portfolio, making the stock its largest position. Clean Energy Transition LLP’s holdings in First Solar were worth $300,149,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of First Solar by 3.5% in 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 buying an additional 464,130 shares in the last quarter. Geode Capital Management LLC increased its position in shares of First Solar by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,919,991 shares of the solar cell manufacturer’s stock valued at $761,396,000 after buying an additional 24,206 shares in the last quarter. Viking Global Investors LP increased its position in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after buying an additional 854,919 shares in the last quarter. Amundi increased its position in shares of First Solar by 38.6% in the 3rd quarter. Amundi now owns 2,025,835 shares of the solar cell manufacturer’s stock valued at $459,917,000 after buying an additional 564,032 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of First Solar in the 4th quarter valued at $392,040,000. Institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Guggenheim upped their price objective on shares of First Solar from $269.00 to $279.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. The Goldman Sachs Group increased their target price on First Solar from $300.00 to $310.00 in a report on Friday, May 1st. Wolfe Research cut First Solar from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. TD Cowen lowered their target price on First Solar from $320.00 to $253.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Argus increased their target price on First Solar from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average price target of $250.99.

Check Out Our Latest Analysis on First Solar

Key First Solar News

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 Price Performance

FSLR stock opened at $267.31 on Friday. The stock has a 50-day moving average price of $231.95 and a two-hundred day moving average price of $233.65. The stock has a market cap of $28.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. The company has a current ratio of 2.56, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. First Solar, Inc. has a 1 year low of $135.50 and a 1 year high of $320.95.

First Solar (NASDAQ:FSLR – Get Free Report) last released its earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. The firm had revenue of $1.04 billion during 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 revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. Equities analysts forecast that First Solar, Inc. will post 17.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Caroline Stockdale sold 10,628 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $275.60, for a total value of $2,929,076.80. Following the completion of the transaction, the insider owned 23,792 shares in the company, valued at $6,557,075.20. This trade represents a 30.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark R. Widmar sold 9,926 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 60,694 shares of company stock worth $13,659,583 over the last three months. Company insiders own 0.39% of the company’s stock.

First Solar Profile

(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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