Tobam Sells 11,473 Shares of First Solar, Inc. (NASDAQ:FSLR)

Tobam reduced its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 43.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,894 shares of the solar cell manufacturer's stock after selling 11,473 shares during the period. Tobam's holdings in First Solar were worth $2,625,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Gilman Hill Asset Management LLC boosted its stake in First Solar by 2.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer's stock worth $455,000 after purchasing an additional 50 shares during the period. Covestor Ltd raised its position in First Solar by 6.4% in the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer's stock valued at $229,000 after buying an additional 55 shares during the last quarter. Field & Main Bank boosted its position in First Solar by 4.1% during the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer's stock worth $345,000 after acquiring an additional 55 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of First Solar by 0.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer's stock worth $1,623,000 after acquiring an additional 55 shares in the last quarter. Finally, Demars Financial Group LLC raised its stake in shares of First Solar by 1.4% during the 3rd quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer's stock worth $1,030,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

FSLR has been the topic of a number of research analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $260.00 price target (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Janney Montgomery Scott upgraded First Solar from a "neutral" rating to a "buy" rating and set a $260.00 price target for the company in a research note on Tuesday, October 29th. Wells Fargo & Company dropped their price objective on First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Susquehanna dropped their price target on First Solar from $280.00 to $252.00 and set a "positive" rating for the company in a research note on Wednesday, October 30th. Finally, Roth Mkm decreased their price target on First Solar from $320.00 to $280.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, First Solar currently has a consensus rating of "Buy" and an average target price of $276.38.

First Solar Trading Down 0.8 %

Shares of NASDAQ:FSLR traded down $1.31 during midday trading on Tuesday, reaching $161.58. The company's stock had a trading volume of 1,691,753 shares, compared to its average volume of 2,234,031. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. 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 50 day moving average price of $183.24 and a two-hundred day moving average price of $203.69. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.19 and a beta of 1.47.

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.