Trium Capital LLP Grows Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Trium Capital LLP grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,498 shares of the solar cell manufacturer's stock after buying an additional 1,371 shares during the quarter. First Solar accounts for about 0.2% of Trium Capital LLP's holdings, making the stock its 18th biggest position. Trium Capital LLP's holdings in First Solar were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Financial Corp CA purchased a new stake in First Solar in the 3rd quarter valued at $1,209,000. Stifel Financial Corp grew its stake in shares of First Solar by 36.9% in the 3rd quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer's stock worth $5,350,000 after acquiring an additional 5,780 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of First Solar by 802.1% in the third quarter. iA Global Asset Management Inc. now owns 20,460 shares of the solar cell manufacturer's stock valued at $5,104,000 after purchasing an additional 18,192 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in First Solar by 224.0% during the third quarter. Harbour Capital Advisors LLC now owns 5,217 shares of the solar cell manufacturer's stock worth $1,301,000 after purchasing an additional 3,607 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in First Solar by 6.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,140 shares of the solar cell manufacturer's stock worth $60,898,000 after purchasing an additional 14,597 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

First Solar stock traded up $1.99 during midday trading on Friday, reaching $192.88. 1,538,842 shares of the stock were exchanged, compared to its average volume of 1,488,167. The company's fifty day moving average is $190.18 and its 200-day moving average is $209.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The firm has a market cap of $20.65 billion, a PE ratio of 16.61, a PEG ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) 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 analysts' expectations of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $2.50 EPS. On average, sell-side analysts forecast that First Solar, Inc. will post 13.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on FSLR. Evercore ISI dropped their target price on shares of First Solar from $281.00 to $278.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their price target on First Solar from $290.00 to $275.00 and set an "overweight" rating on the stock in a report on Wednesday, November 13th. Roth Mkm reduced their price objective on First Solar from $320.00 to $280.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their target price 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. Finally, Morgan Stanley reduced their price target on shares of First Solar from $329.00 to $297.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $277.75.

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.