30,480 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Ruffer LLP

Ruffer LLP acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,480 shares of the solar cell manufacturer's stock, valued at approximately $5,372,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. grew its holdings in First Solar by 47.0% during the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer's stock worth $856,000 after acquiring an additional 1,554 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of First Solar by 665.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,192 shares of the solar cell manufacturer's stock worth $7,308,000 after purchasing an additional 34,074 shares during the last quarter. Stifel Financial Corp raised its position in First Solar by 36.9% during the 3rd quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer's stock worth $5,350,000 after purchasing an additional 5,780 shares during the last quarter. Paragon Capital Management Inc. acquired a new position in First Solar during the 4th quarter worth about $1,240,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer's stock valued at $104,910,000 after buying an additional 49,074 shares during the period. Institutional investors and hedge funds own 92.08% of the company's stock.

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Insider Transactions at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 7,475 shares of First Solar stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $136.60, for a total value of $1,021,085.00. Following the completion of the sale, the insider now owns 3,549 shares of the company's stock, valued at approximately $484,793.40. The trade was a 67.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark R. Widmar sold 21,542 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the transaction, the chief executive officer now directly owns 103,403 shares in the company, valued at $14,589,129.27. The trade was a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FSLR shares. Seaport Res Ptn upgraded First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Guggenheim decreased their price target on First Solar from $335.00 to $304.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Citigroup dropped their price objective on First Solar from $254.00 to $236.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a research report on Thursday, January 2nd. Finally, Roth Mkm reissued a "buy" rating and issued a $280.00 price target on shares of First Solar in a report on Wednesday, February 26th. Four 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $262.08.

First Solar Stock Up 6.1 %

Shares of NASDAQ:FSLR traded up $8.00 during trading on Friday, hitting $139.13. The stock had a trading volume of 3,456,379 shares, compared to its average volume of 2,725,569. The company has a market capitalization of $14.90 billion, a PE ratio of 11.98, a PEG ratio of 0.19 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm's fifty day moving average is $167.08 and its 200 day moving average is $194.40. First Solar, Inc. has a 12 month low of $124.96 and a 12 month high of $306.77.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. Analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

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.