JNBA Financial Advisors Has $576,000 Stake in First Solar, Inc. (NASDAQ:FSLR)

JNBA Financial Advisors boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,267 shares of the solar cell manufacturer’s stock after buying an additional 181 shares during the period. JNBA Financial Advisors’ holdings in First Solar were worth $576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after acquiring an additional 55 shares during the period. Field & Main Bank raised its position in First Solar by 4.1% in the third quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after purchasing an additional 55 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in First Solar by 0.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after purchasing an additional 55 shares during the period. Demars Financial Group LLC boosted its holdings in First Solar by 1.4% during the third quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock valued at $1,030,000 after purchasing an additional 56 shares in the last quarter. Finally, Doliver Advisors LP grew its stake in shares of First Solar by 1.2% in the 4th quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock valued at $831,000 after purchasing an additional 56 shares during the period. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Down 0.4 %

Shares of NASDAQ FSLR opened at $159.76 on Friday. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. The firm has a market capitalization of $17.10 billion, a P/E ratio of 13.76, 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. The company’s 50 day simple moving average is $180.02 and its 200 day simple moving average is $202.14.

Analyst Upgrades and Downgrades

Several analysts recently commented on FSLR shares. Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Guggenheim restated a “buy” rating and issued a $335.00 target price on shares of First Solar in a research note on Wednesday, January 22nd. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $254.00 in a report on Tuesday, October 22nd. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird decreased their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.