Foresight Group Ltd Liability Partnership Boosts Stock Holdings in First Solar, Inc. $FSLR

Foresight Group Ltd Liability Partnership grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 56.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 113,112 shares of the solar cell manufacturer’s stock after acquiring an additional 40,950 shares during the quarter. First Solar makes up 3.7% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 10th biggest holding. Foresight Group Ltd Liability Partnership’s holdings in First Solar were worth $24,945,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC lifted its stake in shares of First Solar by 1.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,287 shares of the solar cell manufacturer’s stock valued at $504,000 after purchasing an additional 39 shares during the last quarter. Signaturefd LLC increased its position in shares of First Solar by 2.6% during the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock valued at $414,000 after purchasing an additional 47 shares during the last quarter. Figure 8 Investment Strategies LLC raised its holdings in First Solar by 0.6% during the 3rd quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock valued at $1,790,000 after buying an additional 48 shares during the period. Hemington Wealth Management lifted its position in First Solar by 22.9% in the third quarter. Hemington Wealth Management now owns 306 shares of the solar cell manufacturer’s stock worth $67,000 after buying an additional 57 shares during the last quarter. Finally, Ethic Inc. boosted its stake in First Solar by 0.3% during the third quarter. Ethic Inc. now owns 20,443 shares of the solar cell manufacturer’s stock worth $4,508,000 after buying an additional 59 shares during the period. 92.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

FSLR has been the topic of several recent analyst reports. Seaport Research Partners increased their target price on shares of First Solar from $217.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. UBS Group boosted their target price on First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $316.00 target price on shares of First Solar in a research note on Friday, October 31st. Finally, Needham & Company LLC began coverage on First Solar in a research note on Wednesday, October 22nd. They set a “buy” rating and a $286.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average price target of $275.94.

First Solar Stock Performance

Shares of NASDAQ:FSLR opened at $222.13 on Tuesday. The firm’s 50 day simple moving average is $251.37 and its 200-day simple moving average is $232.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. First Solar, Inc. has a one year low of $116.56 and a one year high of $285.99. The firm has a market cap of $23.84 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.