D.A. Davidson & CO. Takes $305,000 Position in First Solar, Inc. (FSLR)

D.A. Davidson & CO. bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,300 shares of the solar cell manufacturer’s stock, valued at approximately $305,000.

Other large investors also recently modified their holdings of the company. Credit Suisse AG raised its holdings in shares of First Solar by 111.2% during the third quarter. Credit Suisse AG now owns 169,820 shares of the solar cell manufacturer’s stock valued at $8,223,000 after acquiring an additional 89,412 shares during the period. Canada Pension Plan Investment Board grew its position in First Solar by 1.3% during the third quarter. Canada Pension Plan Investment Board now owns 92,600 shares of the solar cell manufacturer’s stock valued at $4,484,000 after purchasing an additional 1,200 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in First Solar by 76.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,000 shares of the solar cell manufacturer’s stock valued at $1,565,000 after purchasing an additional 13,000 shares in the last quarter. BSW Wealth Partners purchased a new position in First Solar during the third quarter valued at approximately $288,000. Finally, Ffcm LLC grew its position in First Solar by 1,217.6% during the third quarter. Ffcm LLC now owns 9,039 shares of the solar cell manufacturer’s stock valued at $194,000 after purchasing an additional 8,353 shares in the last quarter. 52.17% of the stock is owned by institutional investors.

FSLR stock opened at $43.71 on Friday. The company has a quick ratio of 4.14, a current ratio of 4.48 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 72.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. First Solar, Inc. has a 12 month low of $36.51 and a 12 month high of $81.72.



First Solar (NASDAQ:FSLR) last posted its earnings results on Thursday, October 25th. The solar cell manufacturer reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company had revenue of $676.22 million during the quarter, compared to the consensus estimate of $683.93 million. First Solar had a negative net margin of 17.98% and a positive return on equity of 1.29%. On average, equities research analysts predict that First Solar, Inc. will post 1.51 EPS for the current fiscal year.

A number of research analysts recently commented on FSLR shares. BidaskClub raised shares of First Solar from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Zacks Investment Research downgraded shares of First Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Vertical Group raised shares of First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. JMP Securities raised shares of First Solar from an “underperform” rating to a “market perform” rating in a research report on Friday, October 26th. They noted that the move was a valuation call. Finally, Roth Capital set a $65.00 price objective on shares of First Solar and gave the company a “buy” rating in a research report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $67.47.

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First Solar Profile

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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