Polianta Ltd Purchases Shares of 5,900 First Solar, Inc. (NASDAQ:FSLR)

Polianta Ltd acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,900 shares of the solar cell manufacturer's stock, valued at approximately $1,039,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC increased its position in First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer's stock worth $1,729,223,000 after purchasing an additional 7,660,409 shares during the period. State Street Corp boosted its stake in shares of First Solar by 2.2% in the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock valued at $1,236,383,000 after purchasing an additional 108,984 shares during the last quarter. Geode Capital Management LLC grew its position in shares of First Solar by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock worth $647,440,000 after buying an additional 24,143 shares during the period. Wellington Management Group LLP raised its stake in shares of First Solar by 75.8% during the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock worth $523,166,000 after buying an additional 904,498 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock valued at $434,977,000 after buying an additional 15,890 shares during the period. Institutional investors own 92.08% of the company's stock.

First Solar Stock Up 1.0 %

Shares of NASDAQ FSLR traded up $1.99 during trading hours on Monday, hitting $192.88. The company had a trading volume of 1,538,842 shares, compared to its average volume of 1,488,167. First Solar, Inc. has a 1-year low of $135.88 and a 1-year high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $190.18 and its 200-day moving average is $209.63. The stock has a market capitalization of $20.65 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business's revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. On average, analysts expect that First Solar, Inc. will post 13.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of analyst reports. Roth Mkm lowered their target price on shares of First Solar from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group cut their target price on First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Susquehanna decreased their target price on First Solar from $280.00 to $252.00 and set a "positive" rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded shares of First Solar from a "sell" rating to a "hold" rating in a research report on Thursday, January 2nd. Finally, Seaport Res Ptn upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $277.75.

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.