Inspire Investing LLC Has $1.95 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Inspire Investing LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,085 shares of the solar cell manufacturer's stock after selling 2,964 shares during the period. Inspire Investing LLC's holdings in First Solar were worth $1,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. AlphaMark Advisors LLC bought a new position in First Solar in the third quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar during the 3rd quarter valued at about $25,000. Kennebec Savings Bank acquired a new stake in shares of First Solar during the 3rd quarter valued at about $29,000. Larson Financial Group LLC increased its stake in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock valued at $39,000 after acquiring an additional 107 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in First Solar by 555.6% during the third quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer's stock worth $59,000 after purchasing an additional 200 shares during the period. Institutional investors own 92.08% of the company's stock.

First Solar Trading Up 1.3 %

Shares of FSLR stock traded up $2.21 on Thursday, reaching $174.11. The company had a trading volume of 4,233,658 shares, compared to its average volume of 2,143,388. The company has a 50-day moving average of $189.98 and a 200-day moving average of $208.83. First Solar, Inc. has a 12 month low of $135.88 and a 12 month high of $306.77. The stock has a market cap of $18.64 billion, a PE ratio of 15.00, a PEG ratio of 0.21 and a beta of 1.49. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly 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). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $2.50 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that First Solar, Inc. will post 13.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating and issued a $335.00 target price on shares of First Solar in a report on Wednesday. Evercore ISI dropped their price objective on First Solar from $281.00 to $278.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of First Solar from $307.00 to $267.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets reiterated an "outperform" rating and set a $260.00 target price (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Finally, Morgan Stanley reduced their price target on shares of First Solar from $329.00 to $297.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Three research 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. Based on data from MarketBeat, First Solar currently has a consensus rating of "Moderate Buy" and an average price target of $277.75.

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.