USCF Advisers LLC Has $34,000 Stock Position in First Solar, Inc. (NASDAQ:FSLR)

USCF Advisers LLC increased its stake in First Solar, Inc. (NASDAQ:FSLR) by 100.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 200 shares of the solar cell manufacturer’s stock after buying an additional 100 shares during the period. First Solar comprises 8.6% of USCF Advisers LLC’s investment portfolio, making the stock its 3rd biggest holding. USCF Advisers LLC’s holdings in First Solar were worth $34,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. First Pacific Financial purchased a new position in shares of First Solar during the 3rd quarter valued at $27,000. Estabrook Capital Management bought a new stake in First Solar in the 3rd quarter valued at about $29,000. Baystate Wealth Management LLC purchased a new stake in First Solar during the fourth quarter valued at about $29,000. Headinvest LLC bought a new position in First Solar during the third quarter worth about $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of First Solar in the fourth quarter worth about $34,000. Institutional investors own 92.08% of the company’s stock.

Insider Buying and Selling

In other First Solar news, insider Georges Antoun sold 2,400 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $176.00, for a total value of $422,400.00. Following the transaction, the insider now directly owns 37,412 shares in the company, valued at approximately $6,584,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other First Solar news, insider Georges Antoun sold 2,400 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $176.00, for a total value of $422,400.00. Following the completion of the sale, the insider now directly owns 37,412 shares in the company, valued at approximately $6,584,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kuntal Kumar Verma sold 250 shares of First Solar stock in a transaction dated 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 of the company’s stock, valued at $766,917.80. The disclosure for this sale can be found here. Insiders have sold 26,620 shares of company stock valued at $4,269,540 in the last 90 days. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of recent research reports. DZ Bank began coverage on shares of First Solar in a research note on Wednesday, April 17th. They set a “buy” rating and a $205.00 price target on the stock. Barclays raised their price target on First Solar from $224.00 to $227.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $230.00 target price on shares of First Solar in a research note on Thursday, April 18th. Evercore ISI upgraded shares of First Solar from an “in-line” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Tuesday. Finally, Mizuho upped their target price on First Solar from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.36.

First Solar Price Performance

NASDAQ FSLR traded up $3.62 on Friday, reaching $178.64. The company had a trading volume of 627,321 shares, compared to its average volume of 2,067,278. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $232.00. The stock has a market capitalization of $19.12 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The company has a quick ratio of 2.92, a current ratio of 3.55 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $162.96 and its 200 day moving average price is $156.96.

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

First Solar Company Profile

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.