First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,662 shares of the solar cell manufacturer’s stock after acquiring an additional 125 shares during the period. First Solar accounts for about 0.6% of Legend Financial Advisors Inc.’s holdings, making the stock its 21st biggest position. Legend Financial Advisors Inc.’s holdings in First Solar were worth $822,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FSLR. AlphaMark Advisors LLC purchased a new position in First Solar in the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new position in shares of First Solar in the third quarter valued at $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the 3rd quarter valued at $29,000. Itau Unibanco Holding S.A. purchased a new stake in First Solar during the 2nd quarter worth $38,000. Finally, Larson Financial Group LLC lifted its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FSLR. Piper Sandler lifted their target price on First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Wells Fargo & Company dropped their price objective on First Solar from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley cut their price target on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.04.

First Solar Stock Performance

Shares of NASDAQ FSLR traded up $6.46 during midday trading on Tuesday, hitting $197.73. 2,107,186 shares of the company’s stock were exchanged, compared to its average volume of 1,834,112. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The firm has a market cap of $21.17 billion, a P/E ratio of 17.03, a PEG ratio of 0.35 and a beta of 1.49. The stock’s 50 day moving average price is $192.19 and its 200-day moving average price is $212.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 EPS. Equities research analysts anticipate that First Solar, Inc. will post 13.15 EPS for the current year.

About First Solar

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.