Temasek Holdings Private Ltd Takes Position in First Solar, Inc. (NASDAQ:FSLR)

Temasek Holdings Private Ltd purchased a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,257 shares of the solar cell manufacturer's stock, valued at approximately $3,307,000.

A number of other large investors have also made changes to their positions in the company. Electron Capital Partners LLC boosted its holdings 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 valued at $1,729,223,000 after buying an additional 7,660,409 shares during the period. State Street Corp boosted its stake in First Solar by 2.2% in the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock worth $1,236,383,000 after purchasing an additional 108,984 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in First Solar by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock worth $434,977,000 after purchasing an additional 15,890 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of First Solar by 7.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer's stock valued at $331,924,000 after purchasing an additional 90,249 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Solar by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer's stock worth $179,478,000 after buying an additional 64,265 shares during the period. Institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

FSLR has been the subject of several recent research reports. Hsbc Global Res upgraded shares of First Solar to a "strong-buy" rating in a report on Wednesday, October 9th. Janney Montgomery Scott upgraded shares of First Solar from a "neutral" rating to a "buy" rating and set a $260.00 price objective for the company in a research note on Tuesday, October 29th. William Blair initiated coverage on First Solar in a report on Thursday, August 29th. They set a "market perform" rating on the stock. Piper Sandler raised their price target on First Solar from $210.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Royal Bank of Canada dropped their price objective on First Solar from $315.00 to $280.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Four equities 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $280.71.

First Solar Stock Performance

Shares of FSLR traded down $3.33 during trading hours on Friday, hitting $194.60. The stock had a trading volume of 989,178 shares, compared to its average volume of 2,515,224. The firm has a market capitalization of $20.83 billion, a PE ratio of 16.77, a PEG ratio of 0.36 and a beta of 1.46. 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, Inc. has a 12 month low of $135.88 and a 12 month high of $306.77. The stock has a fifty day moving average price of $204.59 and a 200 day moving average price of $225.72.

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 the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business posted $2.50 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. Analysts anticipate that First Solar, Inc. will post 13.15 EPS for the current 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.