Oakworth Capital Inc. Purchases 7,587 Shares of First Solar, Inc. (NASDAQ:FSLR)

Oakworth Capital Inc. increased its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 4,238.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,766 shares of the solar cell manufacturer's stock after buying an additional 7,587 shares during the period. Oakworth Capital Inc.'s holdings in First Solar were worth $1,369,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new stake in First Solar in the third quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new position in shares of First Solar in the 3rd quarter worth approximately $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the third quarter valued at approximately $29,000. Larson Financial Group LLC grew its position 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 worth $39,000 after buying an additional 107 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of First Solar in the fourth quarter valued at $53,000. 92.08% of the stock is currently owned by institutional investors.

First Solar Trading Down 3.2 %

Shares of FSLR stock traded down $5.45 on Monday, reaching $162.89. 2,529,163 shares of the stock were exchanged, compared to its average volume of 2,233,054. The stock has a 50 day moving average price of $184.14 and a 200 day moving average price of $204.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The stock has a market cap of $17.44 billion, a PE ratio of 14.03, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a one year low of $141.70 and a one year high of $306.77.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FSLR. Seaport Res Ptn raised First Solar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group reduced their price objective on First Solar from $311.00 to $279.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Citigroup upgraded shares of First Solar from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $200.00 to $254.00 in a report on Tuesday, October 22nd. Evercore ISI cut their target price on shares of First Solar from $281.00 to $278.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price objective on First Solar from $307.00 to $267.00 and set an "outperform" rating for the company in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.29.

First Solar 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.