First Solar, Inc. (NASDAQ:FSLR) Position Lowered by Green Alpha Advisors LLC

Green Alpha Advisors LLC lessened its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,012 shares of the solar cell manufacturer’s stock after selling 1,732 shares during the period. Green Alpha Advisors LLC’s holdings in First Solar were worth $1,060,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in shares of First Solar during the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar during the third quarter worth $25,000. Kennebec Savings Bank bought a new position in shares of First Solar in the 3rd quarter worth about $29,000. Itau Unibanco Holding S.A. acquired a new position in shares of First Solar in the 2nd quarter valued at about $38,000. Finally, Larson Financial Group LLC grew its position in shares of First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FSLR shares. Seaport Res Ptn raised shares of First Solar to a “hold” rating in a report on Tuesday, November 5th. Hsbc Global Res raised First Solar to a “strong-buy” rating in a report on Wednesday, October 9th. Guggenheim lowered their price objective on First Solar from $368.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 target price (down from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Finally, Roth Mkm lowered their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average price target of $277.75.

First Solar Price Performance

Shares of First Solar stock opened at $189.24 on Monday. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $191.64 and its two-hundred day moving average price is $211.08. The stock has a market cap of $20.26 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last released its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 earnings per share. As a group, sell-side analysts anticipate that First Solar, Inc. will post 13.15 EPS for the current fiscal 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.