First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC grew its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,811 shares of the solar cell manufacturer's stock after purchasing an additional 6,377 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.07% of First Solar worth $13,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC purchased a new position in shares of First Solar in the third quarter worth $25,000. Strengthening Families & Communities LLC purchased a new stake in First Solar in the 3rd quarter worth $25,000. Kennebec Savings Bank bought a new position in shares of First Solar during the 3rd quarter valued at about $29,000. Itau Unibanco Holding S.A. purchased a new position in shares of First Solar during the second quarter valued at about $38,000. Finally, Larson Financial Group LLC increased its holdings in shares of First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after purchasing an additional 107 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSLR. BMO Capital Markets reissued an "outperform" rating and set a $260.00 price target (down from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on shares of First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Morgan Stanley decreased their price target on shares of First Solar from $329.00 to $297.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Citigroup raised shares of First Solar from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $200.00 to $254.00 in a research note on Tuesday, October 22nd. Finally, Seaport Res Ptn upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $277.75.

First Solar Stock Up 1.0 %

Shares of First Solar stock traded up $1.99 during trading on Friday, hitting $192.88. 1,538,842 shares of the stock traded hands, compared to its average volume of 1,488,167. 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 stock's fifty day simple moving average is $190.18 and its 200 day simple moving average is $209.83. The firm has a market cap 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, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77.

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

First Solar 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.