Oddo BHF Asset Management Sas Buys Shares of 73,791 First Solar, Inc. (NASDAQ:FSLR)

Oddo BHF Asset Management Sas acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,791 shares of the solar cell manufacturer's stock, valued at approximately $18,406,000. First Solar comprises 0.9% of Oddo BHF Asset Management Sas' holdings, making the stock its 28th largest position. Oddo BHF Asset Management Sas owned about 0.07% of First Solar as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FSLR. AlphaMark Advisors LLC purchased a new stake in First Solar in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar during the 3rd quarter worth $25,000. Kennebec Savings Bank purchased a new position in shares of First Solar in the 3rd quarter worth $29,000. Atlas Capital Advisors LLC boosted its holdings in First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer's stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in First Solar by 214.0% during the third 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. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Stock Performance

NASDAQ FSLR traded up $3.35 during trading hours on Friday, reaching $199.67. The company's stock had a trading volume of 1,412,557 shares, compared to its average volume of 2,508,194. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $200.17 and a 200 day simple moving average of $224.38. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The stock has a market cap of $21.38 billion, a PE ratio of 16.91, a PEG ratio of 0.35 and a beta of 1.46.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The company had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. Equities research analysts predict that First Solar, Inc. will post 13.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Guggenheim reduced their price objective on First Solar from $368.00 to $335.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Hsbc Global Res raised shares of First Solar to a "strong-buy" rating in a research report on Wednesday, October 9th. Morgan Stanley dropped their price objective on shares of First Solar from $329.00 to $297.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Truist Financial started coverage on shares of First Solar in a research report on Thursday, September 26th. They set a "buy" rating and a $300.00 price target for the company. Finally, William Blair began coverage on First Solar in a research report on Thursday, August 29th. They issued a "market perform" rating on the stock. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $280.71.

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.