Hartree Partners LP Sells 2,800 Shares of First Solar, Inc. (NASDAQ:FSLR)

Hartree Partners LP cut its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,800 shares of the solar cell manufacturer's stock after selling 2,800 shares during the period. Hartree Partners LP's holdings in First Solar were worth $493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSLR. Larson Financial Group LLC grew its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after buying an additional 107 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of First Solar during the fourth quarter worth about $53,000. Hudson Edge Investment Partners Inc. bought a new position in shares of First Solar in the fourth quarter worth approximately $53,000. Finally, CoreFirst Bank & Trust purchased a new stake in First Solar in the fourth quarter valued at approximately $54,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Trading Up 1.0 %

Shares of First Solar stock traded up $1.25 during midday trading on Tuesday, reaching $127.68. 2,777,491 shares of the company's stock traded hands, compared to its average volume of 2,646,851. The company has a market cap of $13.67 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. The stock has a 50 day moving average of $148.95 and a 200-day moving average of $184.01. First Solar, Inc. has a 12 month low of $120.60 and a 12 month 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.

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First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. As a group, equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLR has been the topic of a number of research analyst reports. Seaport Res Ptn raised shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Mizuho raised First Solar from a "neutral" rating to an "outperform" rating and increased their target price for the company from $218.00 to $259.00 in a research note on Tuesday, February 11th. Guggenheim dropped their price target on First Solar from $335.00 to $304.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Truist Financial reiterated a "buy" rating and set a $285.00 price objective (down from $300.00) on shares of First Solar in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their target price on First Solar from $250.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $262.08.

Insider Transactions at First Solar

In other news, CEO Mark R. Widmar sold 1,272 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $132.96, for a total transaction of $169,125.12. Following the sale, the chief executive officer now owns 109,000 shares in the company, valued at approximately $14,492,640. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Alexander R. Bradley sold 599 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $80,116.25. Following the completion of the transaction, the chief financial officer now owns 45,717 shares of the company's stock, valued at approximately $6,114,648.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,311 shares of company stock valued at $4,767,158. Corporate insiders own 0.58% of the company's stock.

First Solar 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.