First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,918 shares of the solar cell manufacturer's stock after selling 2,915 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of First Solar worth $27,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FSLR. Electron Capital Partners LLC grew its holdings in shares of First Solar by 81,947.0% during the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer's stock worth $1,729,223,000 after purchasing an additional 7,660,409 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in First Solar by 0.9% during the third 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 buying an additional 15,890 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in First Solar by 7.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer's stock worth $331,924,000 after buying an additional 90,249 shares during the period. Dimensional Fund Advisors LP increased its position in shares of First Solar by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer's stock worth $179,478,000 after acquiring an additional 64,265 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of First Solar by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 716,104 shares of the solar cell manufacturer's stock valued at $178,625,000 after acquiring an additional 34,738 shares during the period. Hedge funds and other institutional investors own 92.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Mkm decreased their price target on shares of First Solar from $320.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Mizuho lowered their target price on First Solar from $274.00 to $257.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Bank of America reduced their price target on First Solar from $321.00 to $269.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Evercore ISI dropped their price objective on shares of First Solar from $281.00 to $278.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their target price on shares of First Solar from $315.00 to $280.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.71.

First Solar Stock Performance

Shares of First Solar stock traded up $8.65 during trading hours on Monday, reaching $207.92. The company's stock had a trading volume of 3,842,740 shares, compared to its average volume of 2,528,915. First Solar, Inc. has a one year low of $135.88 and a one year high of $306.77. The company's 50 day simple moving average is $208.12 and its 200 day simple moving average is $225.92. 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 stock has a market cap of $22.26 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 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%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. As a group, analysts expect that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

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.