Harbour Capital Advisors LLC Has $1.30 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Harbour Capital Advisors LLC lifted its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 224.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,217 shares of the solar cell manufacturer's stock after buying an additional 3,607 shares during the period. Harbour Capital Advisors LLC's holdings in First Solar were worth $1,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FSLR. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of First Solar in the first quarter worth $25,000. AlphaMark Advisors LLC purchased a new stake in shares of First Solar during the third quarter worth $25,000. Atlas Capital Advisors LLC raised its holdings in shares of First Solar by 411.1% during the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer's stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of First Solar during the first quarter worth $32,000. Finally, Summit Securities Group LLC purchased a new stake in shares of First Solar during the second quarter worth $36,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Buying and Selling at First Solar

In other news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares in the company, valued at approximately $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares in the company, valued at approximately $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Byron Michael Jeffers sold 500 shares of First Solar stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $220.00, for a total transaction of $110,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,885 shares of company stock valued at $2,405,757. 0.58% of the stock is currently owned by corporate insiders.

First Solar Price Performance

NASDAQ FSLR traded down $2.82 during trading on Friday, reaching $200.55. 2,180,355 shares of the company traded hands, compared to its average volume of 2,376,861. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. The stock's 50 day moving average price is $226.97 and its two-hundred day moving average price is $222.44. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 0.38 and a beta of 1.44. First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $306.77.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.56. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $939.71 million. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. As a group, analysts anticipate that First Solar, Inc. will post 13.53 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna cut their price objective on First Solar from $285.00 to $280.00 and set a "positive" rating for the company in a report on Wednesday. DZ Bank upgraded First Solar from a "hold" rating to a "buy" rating and set a $280.00 price objective for the company in a report on Thursday, August 1st. Oppenheimer raised their target price on First Solar from $325.00 to $326.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Bank of America cut their target price on First Solar from $343.00 to $321.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on First Solar from $262.00 to $282.00 and gave the company an "overweight" rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $283.64.

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.