Clean Energy Transition LLP Buys 248,447 Shares of First Solar, Inc. (NASDAQ:FSLR)

Clean Energy Transition LLP boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 36.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,147 shares of the solar cell manufacturer's stock after buying an additional 248,447 shares during the period. First Solar makes up 6.2% of Clean Energy Transition LLP's holdings, making the stock its 2nd largest position. Clean Energy Transition LLP owned approximately 0.87% of First Solar worth $164,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its position in First Solar by 1,170.0% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,270 shares of the solar cell manufacturer's stock worth $224,000 after buying an additional 1,170 shares during the last quarter. Covestor Ltd raised its holdings in shares of First Solar by 8.4% during the fourth quarter. Covestor Ltd now owns 993 shares of the solar cell manufacturer's stock worth $175,000 after purchasing an additional 77 shares during the last quarter. Andrew Hill Investment Advisors Inc. lifted its position in First Solar by 321.0% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 18,635 shares of the solar cell manufacturer's stock valued at $3,284,000 after purchasing an additional 14,209 shares during the period. Evexia Wealth LLC boosted its holdings in First Solar by 2.1% in the fourth quarter. Evexia Wealth LLC now owns 3,481 shares of the solar cell manufacturer's stock valued at $586,000 after purchasing an additional 70 shares during the last quarter. Finally, CenterBook Partners LP grew its position in First Solar by 84.3% during the 4th quarter. CenterBook Partners LP now owns 27,271 shares of the solar cell manufacturer's stock worth $4,806,000 after purchasing an additional 12,475 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at First Solar

In other First Solar news, CEO Mark R. Widmar sold 21,542 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the sale, the chief executive officer now directly owns 103,403 shares in the company, valued at $14,589,129.27. This represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alexander R. Bradley sold 599 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $80,116.25. Following the completion of the transaction, the chief financial officer now directly owns 45,717 shares of the company's stock, valued at approximately $6,114,648.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,311 shares of company stock worth $4,767,158 over the last three months. Insiders own 0.58% of the company's stock.

First Solar Trading Down 3.4 %

Shares of FSLR traded down $4.44 during mid-day trading on Tuesday, reaching $126.82. The stock had a trading volume of 2,565,114 shares, compared to its average volume of 3,004,749. The business's fifty day moving average is $139.20 and its 200 day moving average is $174.76. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.19 and a beta of 1.48. 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, Inc. has a 52-week low of $116.56 and a 52-week high of $306.77.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($1.16). The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. On average, sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLR has been the topic of several analyst reports. Guggenheim dropped their target price on First Solar from $304.00 to $253.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Bank of America decreased their target price on shares of First Solar from $236.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Roth Mkm reaffirmed a "buy" rating and issued a $280.00 price objective on shares of First Solar in a report on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of First Solar from $267.00 to $240.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Seaport Res Ptn upgraded First Solar from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.63.

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.