Toronto Dominion Bank Has $14.99 Million Position in First Solar, Inc. (NASDAQ:FSLR)

Toronto Dominion Bank increased its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 68.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,083 shares of the solar cell manufacturer's stock after buying an additional 24,312 shares during the quarter. Toronto Dominion Bank owned about 0.06% of First Solar worth $14,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FSLR. TT International Asset Management LTD bought a new stake in shares of First Solar during the 3rd quarter worth $742,000. Financial Avengers Inc. purchased a new stake in shares of First Solar during the third quarter valued at $77,000. Coldstream Capital Management Inc. increased its stake in First Solar by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,322 shares of the solar cell manufacturer's stock worth $1,065,000 after purchasing an additional 180 shares in the last quarter. Orion Capital Management LLC raised its holdings in First Solar by 11.1% during the 3rd quarter. Orion Capital Management LLC now owns 3,990 shares of the solar cell manufacturer's stock worth $995,000 after buying an additional 400 shares during the period. Finally, Geode Capital Management LLC lifted its stake in First Solar by 0.9% during the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock valued at $647,440,000 after buying an additional 24,143 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on FSLR. Truist Financial began coverage on shares of First Solar in a report on Thursday, September 26th. They set a "buy" rating and a $300.00 price target on the stock. Citigroup upgraded First Solar from a "neutral" rating to a "buy" rating and increased their target price for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Bank of America lowered their price target on First Solar from $321.00 to $269.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on First Solar from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their price target on shares of First Solar from $250.00 to $240.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Four research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $280.71.

First Solar Stock Performance

Shares of FSLR stock traded up $3.35 during trading hours on Friday, reaching $199.67. 1,412,557 shares of the company's stock were exchanged, compared to its average volume of 2,508,194. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77. 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 market capitalization of $21.38 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.35 and a beta of 1.46. The business has a fifty day moving average price of $199.54 and a 200-day moving average price of $223.85.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). The company had revenue of $887.70 million for 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%. First Solar's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 earnings per share. Analysts predict that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

About First Solar

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.