Sage Private Wealth Group LLC Purchases New Position in First Solar, Inc. (NASDAQ:FSLR)

Sage Private Wealth Group LLC acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,514 shares of the solar cell manufacturer’s stock, valued at approximately $267,000.

Several other hedge funds have also made changes to their positions in FSLR. AlphaMark Advisors LLC purchased a new stake in First Solar in the third quarter worth about $25,000. Strengthening Families & Communities LLC bought a new position in shares of First Solar during the third quarter valued at approximately $25,000. Kennebec Savings Bank bought a new position in First Solar in the third quarter worth approximately $29,000. Larson Financial Group LLC lifted its holdings in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares during the period. Finally, Sound Income Strategies LLC boosted its position in First Solar by 555.6% during the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock valued at $59,000 after acquiring an additional 200 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Trading Down 0.8 %

NASDAQ FSLR opened at $161.60 on Wednesday. The company has a fifty day moving average of $182.32 and a 200 day moving average of $203.23. The company has a market capitalization of $17.30 billion, a PE ratio of 13.92, a P/E/G ratio of 0.19 and a beta of 1.47. 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, Inc. has a 1 year low of $141.70 and a 1 year high of $306.77.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of analyst reports. Bank of America decreased their price objective on First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada cut their price target on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $276.38.

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.