Hartline Investment Corp Sells 138 Shares of First Solar, Inc. (NASDAQ:FSLR)

Hartline Investment Corp reduced its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,912 shares of the solar cell manufacturer’s stock after selling 138 shares during the quarter. Hartline Investment Corp’s holdings in First Solar were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSLR. Sanctuary Advisors LLC acquired a new position in shares of First Solar in the second quarter valued at $650,000. Mather Group LLC. increased its holdings in shares of First Solar by 52.1% in the third quarter. Mather Group LLC. now owns 333 shares of the solar cell manufacturer’s stock valued at $83,000 after purchasing an additional 114 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of First Solar by 23.6% in the third quarter. Brookstone Capital Management now owns 1,698 shares of the solar cell manufacturer’s stock valued at $424,000 after purchasing an additional 324 shares during the last quarter. CWM LLC increased its holdings in shares of First Solar by 9.1% in the third quarter. CWM LLC now owns 3,971 shares of the solar cell manufacturer’s stock valued at $991,000 after purchasing an additional 331 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of First Solar by 350.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 900 shares of the solar cell manufacturer’s stock valued at $224,000 after purchasing an additional 700 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on FSLR. Citigroup upgraded shares of First Solar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Guggenheim restated a “buy” rating and issued a $335.00 price target on shares of First Solar in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Susquehanna decreased their price target on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Finally, Mizuho decreased their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $276.29.

First Solar Stock Down 3.2 %

Shares of NASDAQ FSLR opened at $162.89 on Tuesday. The company has a 50 day simple moving average of $183.24 and a 200 day simple moving average of $203.69. The firm has a market cap of $17.44 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 1 year low of $141.70 and a 1 year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

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.