First Solar, Inc. (NASDAQ:FSLR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,117 shares of the solar cell manufacturer's stock after purchasing an additional 9,537 shares during the period. Natixis Advisors LLC owned approximately 0.07% of First Solar worth $17,989,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FSLR. Electron Capital Partners LLC increased its stake in First Solar by 81,947.0% during the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer's stock valued at $1,729,223,000 after purchasing an additional 7,660,409 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of First Solar by 1,757.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer's stock valued at $136,242,000 after acquiring an additional 516,783 shares during the period. Anomaly Capital Management LP purchased a new position in First Solar in the 2nd quarter worth $53,752,000. International Assets Investment Management LLC lifted its position in First Solar by 24,844.0% during the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer's stock worth $542,560,000 after acquiring an additional 216,640 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in First Solar by 2,429.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 174,530 shares of the solar cell manufacturer's stock valued at $39,350,000 after purchasing an additional 167,629 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar Price Performance

NASDAQ FSLR traded down $0.49 during trading hours on Wednesday, hitting $186.87. 718,366 shares of the company's stock traded hands, compared to its average volume of 2,523,011. The company has a market capitalization of $20.01 billion, a PE ratio of 16.14, a PEG ratio of 0.33 and a beta of 1.48. The firm's 50-day moving average is $215.67 and its 200-day moving average is $225.99. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share 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 company had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $2.50 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that First Solar, Inc. will post 13.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FSLR shares. Bank of America reduced their price target on shares of First Solar from $321.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Susquehanna cut their price target on First Solar from $280.00 to $252.00 and set a "positive" rating on the stock in a research report on Wednesday, October 30th. Truist Financial initiated coverage on First Solar in a report on Thursday, September 26th. They issued a "buy" rating and a $300.00 price objective for the company. Wells Fargo & Company reduced their price target on First Solar from $250.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, Hsbc Global Res upgraded First Solar to a "strong-buy" rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $280.50.

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.