Susquehanna Raises First Solar (NASDAQ:FSLR) Price Target to $292.00

by · The Markets Daily

First Solar (NASDAQ:FSLR – Get Free Report) had its target price lifted by equities researchers at Susquehanna from $285.00 to $292.00 in a report released on Wednesday,MarketScreener reports. The brokerage presently has a “positive” rating on the solar cell manufacturer’s stock. Susquehanna’s price objective points to a potential upside of 19.35% from the stock’s current price.

Several other research firms have also recently issued reports on FSLR. Raymond James Financial started coverage on First Solar in a research report on Monday, January 12th. They issued a “market perform” rating for the company. Barclays reissued an “overweight” rating and issued a $279.00 price target on shares of First Solar in a report on Monday, November 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $316.00 target price on shares of First Solar in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Solar in a research report on Monday, December 29th. Finally, Wolfe Research boosted their price objective on shares of First Solar from $232.00 to $247.00 in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $276.76.

Check Out Our Latest Report on First Solar

First Solar Trading Up 0.4%

NASDAQ FSLR opened at $244.67 on Wednesday. First Solar has a one year low of $116.56 and a one year high of $285.99. The firm has a 50 day simple moving average of $257.82 and a 200-day simple moving average of $226.45. The firm has a market cap of $26.26 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 0.30 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91.

First Solar (NASDAQ:FSLR – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $2.91 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that First Solar will post 13.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Solar news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the sale, the director directly owned 15,287 shares in the company, valued at approximately $4,011,308.80. The trade was a 31.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Georges Antoun sold 37,412 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares of the company’s stock, valued at $4,087,514.24. This trade represents a 70.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 48,912 shares of company stock worth $12,971,349. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Solar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSLR. Aventura Private Wealth LLC bought a new stake in shares of First Solar in the 4th quarter worth $25,000. TD Private Client Wealth LLC grew its holdings in 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 worth $25,000 after acquiring an additional 85 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in First Solar in the second quarter worth about $26,000. Hantz Financial Services Inc. raised its position in First Solar by 69.4% in the second 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 in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in First Solar in the 3rd quarter valued at about $44,000. 92.08% of the stock is owned by institutional investors.

First Solar Company Profile

(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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