First Solar, Inc. (NASDAQ:FSLR) Holdings Boosted by Empowered Funds LLC

Empowered Funds LLC increased its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 95.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,507 shares of the solar cell manufacturer's stock after acquiring an additional 7,103 shares during the period. Empowered Funds LLC's holdings in First Solar were worth $2,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in First Solar by 9.1% during the 3rd quarter. CWM LLC now owns 3,971 shares of the solar cell manufacturer's stock valued at $991,000 after buying an additional 331 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in First Solar by 429.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,775 shares of the solar cell manufacturer's stock valued at $443,000 after buying an additional 1,440 shares during the last quarter. Creative Planning grew its holdings in First Solar by 7.1% during the 3rd quarter. Creative Planning now owns 17,003 shares of the solar cell manufacturer's stock valued at $4,241,000 after buying an additional 1,121 shares during the last quarter. Beech Hill Advisors Inc. grew its holdings in First Solar by 0.8% during the 3rd quarter. Beech Hill Advisors Inc. now owns 26,440 shares of the solar cell manufacturer's stock valued at $6,595,000 after buying an additional 212 shares during the last quarter. Finally, Naviter Wealth LLC acquired a new stake in First Solar during the 3rd quarter valued at $723,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of analyst reports. Bank of America lowered their target price on First Solar from $246.00 to $236.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley decreased their price objective on First Solar from $329.00 to $297.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Mizuho upgraded First Solar from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $218.00 to $259.00 in a report on Tuesday, February 11th. Finally, Barclays decreased their price objective on First Solar from $275.00 to $273.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, First Solar currently has an average rating of "Buy" and a consensus target price of $276.38.

First Solar Price Performance

NASDAQ:FSLR traded down $0.58 during midday trading on Monday, hitting $159.76. 1,404,950 shares of the stock were exchanged, compared to its average volume of 2,265,855. First Solar, Inc. has a one year low of $141.70 and a one year high of $306.77. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.19 and a beta of 1.47. The business has a 50-day moving average price of $179.22 and a two-hundred day moving average price of $201.63. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

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.