Janney Montgomery Scott LLC Has $1.15 Million Stake in First Solar, Inc. (NASDAQ:FSLR)

Janney Montgomery Scott LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 125.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,513 shares of the solar cell manufacturer's stock after purchasing an additional 3,618 shares during the period. Janney Montgomery Scott LLC's holdings in First Solar were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. AlphaMark Advisors LLC bought a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank bought a new position in shares of First Solar in the 3rd quarter valued at about $29,000. Larson Financial Group LLC grew its position in shares of First Solar by 214.0% in the 3rd 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 grew its position in shares of First Solar by 555.6% in the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer's stock valued at $59,000 after acquiring an additional 200 shares during the period. Institutional investors own 92.08% of the company's stock.

First Solar Price Performance

Shares of First Solar stock traded up $0.67 during midday trading on Friday, hitting $168.34. 1,640,032 shares of the company traded hands, compared to its average volume of 2,265,855. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.19 and a beta of 1.47. 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 firm's fifty day moving average price is $184.14 and its 200-day moving average price is $204.18. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Roth Mkm decreased their price objective 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. Robert W. Baird cut their target price on shares of First Solar from $307.00 to $267.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on shares of First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Mizuho cut their target price on shares of First Solar from $274.00 to $257.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Finally, Guggenheim restated a "buy" rating and set a $335.00 target price on shares of First Solar in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, First Solar currently has a consensus rating of "Moderate Buy" and an average price target of $276.29.

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.