Fintel reports that on September 26, 2024, Truist Securities initiated coverage of First Solar (XTRA:F3A) with a Buy recommendation.
Analyst Price Forecast Suggests 15.87% Upside
As of September 25, 2024, the average one-year price target for First Solar is 260,19 €/share. The forecasts range from a low of 175,56 € to a high of 335,82 €. The average price target represents an increase of 15.87% from its latest reported closing price of 224,55 € / share.
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The projected annual revenue for First Solar is 4,647MM, an increase of 23.45%. The projected annual non-GAAP EPS is 12.34.
What is the Fund Sentiment?
There are 1,605 funds or institutions reporting positions in First Solar. This is an increase of 115 owner(s) or 7.72% in the last quarter. Average portfolio weight of all funds dedicated to F3A is 0.34%, an increase of 20.75%. Total shares owned by institutions increased in the last three months by 6.41% to 105,296K shares.
What are Other Shareholders Doing?
Electron Capital Partners holds 7,670K shares representing 7.16% ownership of the company. In its prior filing, the firm reported owning 9K shares , representing an increase of 99.88%. The firm increased its portfolio allocation in F3A by 624.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,221K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 3,192K shares , representing an increase of 0.88%. The firm increased its portfolio allocation in F3A by 31.04% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,747K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 2,693K shares , representing an increase of 1.98%. The firm increased its portfolio allocation in F3A by 29.00% over the last quarter.
Geode Capital Management holds 2,578K shares representing 2.41% ownership of the company. In its prior filing, the firm reported owning 2,510K shares , representing an increase of 2.66%. The firm decreased its portfolio allocation in F3A by 31.99% over the last quarter.
Capital Research Global Investors holds 2,387K shares representing 2.23% ownership of the company. In its prior filing, the firm reported owning 2,943K shares , representing a decrease of 23.26%. The firm increased its portfolio allocation in F3A by 5.12% over the last quarter.
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