First Solar, Inc. (NASDAQ:FSLR) Receives Consensus Recommendation of "Buy" from Analysts

Shares of First Solar, Inc. (NASDAQ:FSLR - Get Free Report) have received an average rating of "Buy" from the twenty-seven brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twenty-four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $276.38.

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott raised First Solar from a "neutral" rating to a "buy" rating and set a $260.00 price objective on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on shares of First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded shares of First Solar from a "sell" rating to a "hold" rating in a research note on Thursday, January 2nd. Piper Sandler increased their target price on shares of First Solar from $210.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Finally, Seaport Res Ptn raised shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th.

First Solar Stock Up 1.1 %

First Solar stock traded up $1.73 during mid-day trading on Friday, reaching $160.34. 1,423,228 shares of the company were exchanged, compared to its average volume of 2,230,941. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The firm has a market cap of $17.17 billion, a P/E ratio of 13.81, a PEG ratio of 0.19 and a beta of 1.47. The business has a fifty day moving average of $180.71 and a 200 day moving average of $202.62. First Solar has a 12-month low of $141.70 and a 12-month high of $306.77.

Hedge Funds Weigh In On First Solar

Institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its position in First Solar by 23.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 99,177 shares of the solar cell manufacturer's stock worth $17,469,000 after purchasing an additional 18,556 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of First Solar by 213.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 4,476 shares of the solar cell manufacturer's stock worth $789,000 after buying an additional 3,049 shares during the period. Demars Financial Group LLC lifted its position in shares of First Solar by 17,404.5% during the 4th quarter. Demars Financial Group LLC now owns 722,760 shares of the solar cell manufacturer's stock valued at $127,379,000 after buying an additional 718,631 shares in the last quarter. NewEdge Advisors LLC grew its stake in First Solar by 10.5% in the 4th quarter. NewEdge Advisors LLC now owns 9,733 shares of the solar cell manufacturer's stock valued at $1,715,000 after acquiring an additional 924 shares during the period. Finally, Jump Financial LLC purchased a new stake in First Solar in the 4th quarter worth $376,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

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.