48,642 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new position in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,642 shares of the solar cell manufacturer's stock, valued at approximately $8,615,000. First Solar comprises about 3.0% of Lightrock Netherlands B.V.'s portfolio, making the stock its 14th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of First Solar by 2.2% during the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock worth $1,236,383,000 after buying an additional 108,984 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Solar by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock worth $647,440,000 after buying an additional 24,143 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock worth $523,166,000 after buying an additional 904,498 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of First Solar by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock worth $434,977,000 after buying an additional 15,890 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Solar by 7.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer's stock worth $331,924,000 after buying an additional 90,249 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Price Performance

Shares of NASDAQ:FSLR traded down $0.58 on Friday, reaching $159.76. 1,404,950 shares of the company were exchanged, compared to its average volume of 2,203,457. 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, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The company has a 50-day moving average of $180.02 and a 200-day moving average of $202.20.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FSLR shares. Wells Fargo & Company reduced their price objective on shares of First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Janney Montgomery Scott raised shares of First Solar from a "neutral" rating to a "buy" rating and set a $260.00 target price on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group cut their target price on shares of First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Barclays cut their target price on shares of First Solar from $275.00 to $273.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $276.38.

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.