Cox Capital Mgt LLC trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 48.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,208 shares of the solar cell manufacturer's stock after selling 3,913 shares during the period. Cox Capital Mgt LLC's holdings in First Solar were worth $742,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its position in First Solar by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer's stock valued at $89,000 after acquiring an additional 45 shares during the period. Davis Investment Partners LLC grew its stake in shares of First Solar by 0.6% in the third quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer's stock worth $1,805,000 after purchasing an additional 46 shares during the last quarter. Gilman Hill Asset Management LLC increased its holdings in First Solar by 2.8% in the third quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer's stock valued at $455,000 after purchasing an additional 50 shares during the period. Field & Main Bank raised its position in First Solar by 4.1% during the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer's stock worth $345,000 after purchasing an additional 55 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer's stock worth $229,000 after buying an additional 55 shares during the period. 92.08% of the stock is owned by institutional investors.
First Solar Stock Up 0.8 %
Shares of First Solar stock traded up $1.47 during trading hours on Wednesday, reaching $186.82. The company's stock had a trading volume of 1,375,712 shares, compared to its average volume of 1,628,540. The company has a market capitalization of $20.00 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.35 and a beta of 1.49. The stock's fifty day simple moving average is $190.46 and its two-hundred day simple moving average is $210.33. First Solar, Inc. has a one year low of $135.88 and a one year high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.
First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million during the quarter, compared to the consensus estimate 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 was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.15 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on FSLR shares. StockNews.com raised First Solar from a "sell" rating to a "hold" rating in a research note on Thursday, January 2nd. Seaport Res Ptn raised shares of First Solar to a "hold" rating in a research report on Tuesday, November 5th. Susquehanna dropped their price target on shares of First Solar from $280.00 to $252.00 and set a "positive" rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird reduced their price objective on shares of First Solar from $307.00 to $267.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lowered their target price on shares of First Solar from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, First Solar currently has an average rating of "Moderate Buy" and an average target price of $277.75.
Get Our Latest Analysis on FSLR
First Solar Profile
(
Free Report)
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.
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