Quaero Capital S.A. Has $1.50 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Quaero Capital S.A. cut its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 38.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,521 shares of the solar cell manufacturer's stock after selling 5,393 shares during the quarter. First Solar comprises about 1.9% of Quaero Capital S.A.'s portfolio, making the stock its 20th biggest holding. Quaero Capital S.A.'s holdings in First Solar were worth $1,502,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Western Financial Corp CA bought a new stake in First Solar in the 3rd quarter valued at $1,209,000. Whalen Wealth Management Inc. boosted its stake in First Solar by 47.0% in the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer's stock valued at $856,000 after purchasing an additional 1,554 shares during the period. Stifel Financial Corp lifted its position in shares of First Solar by 36.9% during the 3rd quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer's stock valued at $5,350,000 after acquiring an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of First Solar by 9.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer's stock valued at $104,910,000 after acquiring an additional 49,074 shares during the period. Finally, Paragon Capital Management Inc. bought a new stake in shares of First Solar during the 4th quarter valued at $1,240,000. 92.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FSLR shares. Guggenheim reiterated a "buy" rating and set a $335.00 target price on shares of First Solar in a research report on Wednesday, January 22nd. 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 report on Wednesday, October 30th. Morgan Stanley cut their target price on First Solar from $329.00 to $297.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Citigroup upgraded First Solar from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company dropped their price objective on First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $276.38.

First Solar Trading Down 0.2 %

Shares of FSLR stock traded down $0.37 on Wednesday, hitting $162.50. The company had a trading volume of 2,503,839 shares, compared to its average volume of 2,204,117. The firm has a market cap of $17.40 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.18 and a beta of 1.47. The stock's 50-day moving average is $177.64 and its two-hundred day moving average is $201.00. 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, Inc. has a twelve month low of $141.70 and a twelve month high of $306.77.

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.