RWA Wealth Partners LLC Buys 30,199 Shares of First Solar, Inc. (NASDAQ:FSLR)

RWA Wealth Partners LLC boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 787.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,032 shares of the solar cell manufacturer’s stock after acquiring an additional 30,199 shares during the period. RWA Wealth Partners LLC’s holdings in First Solar were worth $5,998,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Crews Bank & Trust purchased a new stake in First Solar during the fourth quarter valued at $53,000. Hudson Edge Investment Partners Inc. bought a new position in First Solar during the fourth quarter valued at $53,000. CoreFirst Bank & Trust purchased a new position in shares of First Solar in the 4th quarter worth $54,000. Finally, Financial Avengers Inc. bought a new stake in shares of First Solar in the 3rd quarter worth about $77,000. 92.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on FSLR shares. Roth Mkm reiterated a “buy” rating and issued a $280.00 price target on shares of First Solar in a research report on Wednesday, February 26th. Guggenheim dropped their target price on First Solar from $335.00 to $304.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Robert W. Baird dropped 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 note on Wednesday, December 18th. Finally, Mizuho raised shares of First Solar from a “neutral” rating to an “outperform” rating and increased their target price for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.08.

First Solar Stock Performance

Shares of FSLR stock opened at $127.32 on Monday. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a 52-week low of $124.32 and a 52-week high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $150.28 and its 200 day moving average is $184.79.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. On average, sell-side analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Insider Buying and Selling at First Solar

In related news, CEO Mark R. Widmar sold 21,542 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the transaction, the chief executive officer now directly owns 103,403 shares of the company’s stock, valued at $14,589,129.27. This represents a 17.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Markus Gloeckler sold 380 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $50,825.00. Following the sale, the chief technology officer now owns 17,594 shares in the company, valued at $2,353,197.50. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,311 shares of company stock valued at $4,767,158. 0.58% of the stock is currently owned by insiders.

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.