Teachers Advisors LLC trimmed its stake in First Solar, Inc. (NASDAQ:FSLR) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,829 shares of the solar cell manufacturer’s stock after selling 1,463 shares during the period. Teachers Advisors LLC owned about 0.15% of First Solar worth $7,642,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ffcm LLC increased its holdings in First Solar by 1,217.6% in 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 during the period. We Are One Seven LLC bought a new stake in First Solar during the third quarter valued at $203,000. Advisors Asset Management Inc. bought a new stake in First Solar during the second quarter valued at $208,000. Gideon Capital Advisors Inc. bought a new stake in First Solar during the third quarter valued at $221,000. Finally, Parsec Financial Management Inc. bought a new stake in First Solar during the third quarter valued at $232,000. Institutional investors and hedge funds own 54.43% of the company’s stock.
A number of analysts have commented on FSLR shares. JPMorgan Chase & Co. set a $75.00 price target on shares of First Solar and gave the company a “buy” rating in a research report on Tuesday, October 30th. Barclays started coverage on shares of First Solar in a research report on Monday, January 7th. They set an “overweight” rating and a $63.00 price target on the stock. UBS Group set a $85.00 price target on shares of First Solar and gave the company a “buy” rating in a research report on Friday, October 26th. Goldman Sachs Group raised shares of First Solar to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, January 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.47.
First Solar Company 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.
Further Reading: How Important is Technical Analysis of Stocks
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.