SFE Investment Counsel Buys 3,276 Shares of First Solar, Inc. (NASDAQ:FSLR)

SFE Investment Counsel grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,856 shares of the solar cell manufacturer's stock after purchasing an additional 3,276 shares during the quarter. First Solar comprises about 1.9% of SFE Investment Counsel's portfolio, making the stock its 13th biggest holding. SFE Investment Counsel's holdings in First Solar were worth $9,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in First Solar by 9.1% during the third quarter. CWM LLC now owns 3,971 shares of the solar cell manufacturer's stock worth $991,000 after purchasing an additional 331 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of First Solar by 429.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,775 shares of the solar cell manufacturer's stock worth $443,000 after acquiring an additional 1,440 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of First Solar during the 3rd quarter worth approximately $1,702,000. Creative Planning raised its stake in First Solar by 7.1% in the 3rd quarter. Creative Planning now owns 17,003 shares of the solar cell manufacturer's stock valued at $4,241,000 after acquiring an additional 1,121 shares during the period. Finally, HTLF Bank acquired a new stake in First Solar during the 3rd quarter valued at $201,000. Institutional investors own 92.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FSLR shares. Citigroup raised shares of First Solar from a "neutral" rating to a "buy" rating and increased their price objective for the company from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Robert W. Baird decreased their target price on First Solar from $307.00 to $267.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. Bank of America dropped their price target on First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $260.00 target price (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $276.38.

First Solar Trading Down 0.4 %

Shares of FSLR traded down $0.58 during trading hours on Monday, hitting $159.76. 1,404,950 shares of the stock were exchanged, compared to its average volume of 2,265,855. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. The business has a 50-day moving average of $180.02 and a 200-day moving average of $202.04. The firm has a market capitalization of $17.10 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. 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 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.