First Solar, Inc. (NASDAQ:FSLR) Position Boosted by Slow Capital Inc.

Slow Capital Inc. raised its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,193 shares of the solar cell manufacturer’s stock after acquiring an additional 361 shares during the quarter. First Solar makes up 0.9% of Slow Capital Inc.’s investment portfolio, making the stock its 22nd largest holding. Slow Capital Inc.’s holdings in First Solar were worth $5,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FSLR. Norges Bank purchased a new position in First Solar during the 4th quarter valued at about $213,049,000. Clean Energy Transition LLP grew its stake in shares of First Solar by 948.8% in the 3rd quarter. Clean Energy Transition LLP now owns 1,186,646 shares of the solar cell manufacturer’s stock valued at $191,750,000 after buying an additional 1,073,500 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of First Solar by 197.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,336,038 shares of the solar cell manufacturer’s stock valued at $111,880,000 after buying an additional 887,443 shares in the last quarter. Samlyn Capital LLC bought a new stake in shares of First Solar in the 1st quarter valued at approximately $121,554,000. Finally, Bank of America Corp DE grew its stake in shares of First Solar by 889.2% in the 1st quarter. Bank of America Corp DE now owns 453,658 shares of the solar cell manufacturer’s stock valued at $98,671,000 after buying an additional 511,143 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of NASDAQ FSLR traded up $0.98 during trading hours on Wednesday, reaching $174.06. The stock had a trading volume of 927,974 shares, compared to its average volume of 2,050,521. The business’s fifty day moving average is $159.59 and its two-hundred day moving average is $155.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.55 and a quick ratio of 2.92. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.30 and a beta of 1.41. First Solar, Inc. has a twelve month low of $129.21 and a twelve month high of $232.00.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.06. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.31 billion. First Solar had a return on equity of 13.80% and a net margin of 25.03%. First Solar’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. As a group, research analysts expect that First Solar, Inc. will post 13.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna reissued a “positive” rating and issued a $258.00 price target on shares of First Solar in a research note on Friday, April 5th. Oppenheimer boosted their price target on First Solar from $268.00 to $269.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $195.00 price target on shares of First Solar in a research note on Wednesday, February 28th. Mizuho boosted their price target on First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, Bank of America upped their target price on First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.96.

Insider Activity at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 250 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now directly owns 5,170 shares in the company, valued at $766,917.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other First Solar news, CTO Markus Gloeckler sold 1,937 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $175.00, for a total value of $338,975.00. Following the sale, the chief technology officer now directly owns 12,536 shares in the company, valued at $2,193,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kuntal Kumar Verma sold 250 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $148.34, for a total value of $37,085.00. Following the completion of the sale, the insider now owns 5,170 shares in the company, valued at $766,917.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,620 shares of company stock worth $4,269,540. 0.58% of the stock is owned by corporate insiders.

About First Solar

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.