First Solar, Inc. (NASDAQ:FSLR) Shares Purchased by PFG Investments LLC

PFG Investments LLC boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,139 shares of the solar cell manufacturer’s stock after purchasing an additional 301 shares during the quarter. PFG Investments LLC’s holdings in First Solar were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Secure Asset Management LLC lifted its position in First Solar by 18.3% during the fourth quarter. Secure Asset Management LLC now owns 6,687 shares of the solar cell manufacturer’s stock valued at $1,179,000 after purchasing an additional 1,034 shares during the period. Whalen Wealth Management Inc. lifted its holdings in shares of First Solar by 47.0% in the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after buying an additional 1,554 shares during the period. Mutual Advisors LLC boosted its stake in shares of First Solar by 5.3% in the fourth quarter. Mutual Advisors LLC now owns 1,463 shares of the solar cell manufacturer’s stock worth $279,000 after buying an additional 73 shares during the last quarter. True North Advisors LLC grew its holdings in First Solar by 58.5% during the fourth quarter. True North Advisors LLC now owns 1,347 shares of the solar cell manufacturer’s stock worth $237,000 after acquiring an additional 497 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in First Solar by 125.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,513 shares of the solar cell manufacturer’s stock valued at $1,148,000 after acquiring an additional 3,618 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Stock Down 2.5 %

FSLR stock opened at $160.24 on Wednesday. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.20 and a beta of 1.49. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12 month low of $135.88 and a 12 month high of $306.77. The firm has a 50-day moving average of $187.95 and a two-hundred day moving average of $206.91.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, analysts forecast that First Solar, Inc. will post 13.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Jefferies Financial Group dropped their price objective on shares of First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Roth Mkm cut their price objective on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Robert W. Baird decreased their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Bank of America decreased their price objective on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Piper Sandler upped their price objective on shares of First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.29.

First Solar 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.