First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Mirova US LLC

Mirova US LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 961.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,310 shares of the solar cell manufacturer's stock after buying an additional 585,394 shares during the quarter. First Solar makes up about 1.4% of Mirova US LLC's holdings, making the stock its 27th largest position. Mirova US LLC owned 0.60% of First Solar worth $113,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FSLR. State Street Corp grew its position in shares of First Solar by 2.2% in the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock valued at $1,236,383,000 after buying an additional 108,984 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of First Solar by 0.9% during the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock worth $647,440,000 after purchasing an additional 24,143 shares during the last quarter. Wellington Management Group LLP increased its position in shares of First Solar by 75.8% during the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock worth $523,166,000 after purchasing an additional 904,498 shares in the last quarter. Amundi lifted its holdings in shares of First Solar by 31.0% in the 4th quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock valued at $336,871,000 after purchasing an additional 426,797 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of First Solar by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock valued at $434,977,000 after purchasing an additional 15,890 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

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First Solar Price Performance

NASDAQ:FSLR traded up $2.86 during trading hours on Friday, reaching $131.32. 4,507,994 shares of the company traded hands, compared to its average volume of 2,566,033. First Solar, Inc. has a 1-year low of $124.96 and a 1-year high of $306.77. The stock has a market cap of $14.06 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.19 and a beta of 1.52. The firm's 50-day moving average is $157.42 and its 200-day moving average is $188.89. 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 (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($1.16). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. Equities research analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on FSLR. Robert W. Baird cut their price target on First Solar from $307.00 to $267.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets reiterated an "outperform" rating and issued a $230.00 price target (down previously from $260.00) on shares of First Solar in a research report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of First Solar from $250.00 to $230.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Bank of America reduced their target price on shares of First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Finally, Redburn Atlantic began coverage on First Solar in a report on Monday, March 3rd. They set a "neutral" rating on the stock. Four investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $262.08.

Insiders Place Their Bets

In related news, CEO Mark R. Widmar sold 1,966 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $262,952.50. Following the completion of the transaction, the chief executive officer now directly owns 111,890 shares in the company, valued at approximately $14,965,287.50. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kuntal Kumar Verma sold 419 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $132.96, for a total value of $55,710.24. Following the completion of the sale, the insider now directly owns 4,695 shares in the company, valued at approximately $624,247.20. The trade was a 8.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,311 shares of company stock valued at $4,767,158. Company insiders own 0.58% of the company's stock.

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.