First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 11.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,527 shares of the solar cell manufacturer's stock after selling 2,894 shares during the period. Tidal Investments LLC's holdings in First Solar were worth $5,370,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. AlphaMark Advisors LLC purchased a new stake in First Solar in the 3rd quarter worth $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of First Solar during the third quarter worth about $25,000. Kennebec Savings Bank acquired a new position in shares of First Solar during the 3rd quarter worth about $29,000. Atlas Capital Advisors LLC lifted its stake in First Solar by 411.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer's stock valued at $31,000 after buying an additional 111 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after buying an additional 107 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. William Blair started coverage on First Solar in a report on Thursday, August 29th. They set a "market perform" rating for the company. Truist Financial initiated coverage on First Solar in a research note on Thursday, September 26th. They issued a "buy" rating and a $300.00 price objective for the company. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. BMO Capital Markets reissued an "outperform" rating and issued a $260.00 price target (down from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their price objective on shares of First Solar from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $280.71.

First Solar Trading Up 1.7 %

NASDAQ FSLR traded up $3.35 on Friday, reaching $199.67. The stock had a trading volume of 1,414,030 shares, compared to its average volume of 2,508,194. 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 stock has a fifty day moving average price of $199.54 and a two-hundred day moving average price of $223.85. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 0.35 and a beta of 1.46.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm had revenue of $887.70 million during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. First Solar's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

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.