First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,330,675 shares of the solar cell manufacturer's stock after buying an additional 90,249 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.24% of First Solar worth $331,924,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FSLR. AlphaMark Advisors LLC acquired a new position in First Solar in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new position in First Solar in the 3rd quarter valued at $25,000. Kennebec Savings Bank acquired a new position in First Solar in the 3rd quarter valued at $29,000. Atlas Capital Advisors LLC increased its stake in shares of First Solar by 411.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer's stock worth $31,000 after acquiring an additional 111 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of First Solar in the 2nd quarter worth $36,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Trading Up 3.5 %

First Solar stock traded up $6.70 during midday trading on Friday, reaching $199.27. 2,144,891 shares of the stock traded hands, compared to its average volume of 2,523,228. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm has a market cap of $21.33 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48. The company has a 50-day simple moving average of $208.12 and a two-hundred day simple moving average of $225.41. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FSLR. Barclays cut their target price on First Solar from $290.00 to $275.00 and set an "overweight" rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group cut their target price on First Solar from $311.00 to $279.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Clarkson Capital began coverage on First Solar in a research note on Wednesday, August 14th. They issued a "buy" rating and a $270.00 target price for the company. Royal Bank of Canada cut their target price on First Solar from $315.00 to $280.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, Piper Sandler cut their target price on First Solar from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, First Solar has a consensus rating of "Moderate Buy" and a consensus target price of $279.04.

About First Solar

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.