First Solar, Inc. (NASDAQ:FSLR) Shares Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 33.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,553 shares of the solar cell manufacturer's stock after purchasing an additional 6,135 shares during the period. Peapack Gladstone Financial Corp's holdings in First Solar were worth $6,125,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Western Financial Corp CA purchased a new stake in shares of First Solar during the third quarter worth approximately $1,209,000. Harbour Capital Advisors LLC increased its stake in First Solar by 224.0% in the 3rd quarter. Harbour Capital Advisors LLC now owns 5,217 shares of the solar cell manufacturer's stock valued at $1,301,000 after buying an additional 3,607 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in First Solar by 6.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,140 shares of the solar cell manufacturer's stock worth $60,898,000 after buying an additional 14,597 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in shares of First Solar in the 3rd quarter worth $17,635,000. Finally, iA Global Asset Management Inc. boosted its holdings in shares of First Solar by 802.1% in the third quarter. iA Global Asset Management Inc. now owns 20,460 shares of the solar cell manufacturer's stock valued at $5,104,000 after acquiring an additional 18,192 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Trading Up 1.7 %

NASDAQ:FSLR traded up $3.35 on Friday, reaching $199.67. The stock had a trading volume of 1,414,030 shares, compared to its average volume of 2,508,194. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 0.35 and a beta of 1.46. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The firm's fifty day moving average is $199.54 and its two-hundred day moving average is $223.85.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). The firm had revenue of $887.70 million for the quarter, compared to analysts' expectations of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 EPS. Equities analysts expect that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FSLR shares. StockNews.com upgraded shares of First Solar from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Roth Mkm decreased their price target on First Solar from $320.00 to $280.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Janney Montgomery Scott upgraded First Solar from a "neutral" rating to a "buy" rating and set a $260.00 price objective for the company in a research report on Tuesday, October 29th. Hsbc Global Res raised First Solar to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, William Blair started coverage on shares of First Solar in a research note on Thursday, August 29th. They set a "market perform" rating on the stock. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and an average target price of $280.71.

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.