TCW Group Inc. Has $4.08 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

TCW Group Inc. increased its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,374 shares of the solar cell manufacturer's stock after purchasing an additional 3,526 shares during the period. TCW Group Inc.'s holdings in First Solar were worth $4,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC lifted its position in shares of First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer's stock worth $1,729,223,000 after purchasing an additional 7,660,409 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of First Solar by 75.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock valued at $523,166,000 after acquiring an additional 904,498 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 third 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 last quarter. Merewether Investment Management LP raised its holdings in First Solar by 993.4% during the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer's stock worth $80,553,000 after acquiring an additional 293,400 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in First Solar during the third quarter valued at approximately $67,652,000. Institutional investors own 92.08% of the company's stock.

First Solar Stock Performance

NASDAQ:FSLR traded down $4.68 during mid-day trading on Thursday, reaching $196.32. 1,450,301 shares of the company's stock were exchanged, compared to its average volume of 2,512,757. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The firm has a market capitalization of $21.02 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.34 and a beta of 1.46. First Solar, Inc. has a one year low of $135.88 and a one year high of $306.77. The business's fifty day simple moving average is $200.17 and its two-hundred day simple moving average is $224.38.

First Solar (NASDAQ:FSLR - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Analysts anticipate that First Solar, Inc. will post 13.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FSLR has been the topic of a number of analyst reports. Barclays dropped their price objective on First Solar from $290.00 to $275.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 13th. Roth Mkm lowered their target price on shares of First Solar from $320.00 to $280.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Guggenheim cut their price target on shares of First Solar from $368.00 to $335.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Mizuho lowered their price objective on shares of First Solar from $274.00 to $257.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Finally, Seaport Res Ptn raised shares of First Solar to a "hold" rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.