Paragon Capital Management Inc. Buys Shares of 7,038 First Solar, Inc. (NASDAQ:FSLR)

Paragon Capital Management Inc. acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,038 shares of the solar cell manufacturer's stock, valued at approximately $1,240,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new position in shares of First Solar in the third quarter worth $25,000. Strengthening Families & Communities LLC acquired a new position in First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank purchased a new stake in shares of First Solar during the third quarter worth about $29,000. Larson Financial Group LLC grew its holdings in shares of First Solar by 214.0% during the third 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. Finally, Sound Income Strategies LLC grew its holdings in shares of First Solar by 555.6% during the third quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer's stock worth $59,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Stock Up 0.4 %

Shares of NASDAQ FSLR traded up $0.67 during trading on Friday, reaching $168.34. 1,640,032 shares of the stock were exchanged, compared to its average volume of 2,265,855. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The business's 50-day moving average price is $184.14 and its 200 day moving average price is $204.31. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a twelve month low of $141.70 and a twelve month high of $306.77.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FSLR shares. 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 report on Tuesday, October 15th. BMO Capital Markets reiterated an "outperform" rating and set a $260.00 price target (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Barclays lowered their price target on shares of First Solar from $275.00 to $273.00 and set an "overweight" rating for the company in a report on Monday, January 27th. StockNews.com upgraded shares of First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Janney Montgomery Scott upgraded shares of First Solar from a "neutral" rating to a "buy" rating and set a $260.00 target price for the company in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $276.29.

First Solar Company Profile

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.