TT International Asset Management LTD Acquires 6,601 Shares of First Solar, Inc. (NASDAQ:FSLR)

TT International Asset Management LTD increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 221.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,578 shares of the solar cell manufacturer's stock after purchasing an additional 6,601 shares during the period. TT International Asset Management LTD's holdings in First Solar were worth $1,688,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in First Solar by 0.5% during the second quarter. Victory Capital Management Inc. now owns 43,606 shares of the solar cell manufacturer's stock worth $9,831,000 after buying an additional 219 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of First Solar during the second quarter worth about $834,000. Acadian Asset Management LLC bought a new position in shares of First Solar in the second quarter worth approximately $794,000. Quest Partners LLC raised its stake in First Solar by 8,375.0% in the second quarter. Quest Partners LLC now owns 678 shares of the solar cell manufacturer's stock valued at $153,000 after purchasing an additional 670 shares in the last quarter. Finally, Choreo LLC bought a new stake in First Solar during the second quarter valued at approximately $282,000. Institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FSLR shares. Susquehanna decreased their price target on shares of First Solar from $280.00 to $252.00 and set a "positive" rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered their price target on First Solar from $329.00 to $297.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Roth Mkm cut their price objective on First Solar from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Evercore ISI decreased their price objective on First Solar from $281.00 to $278.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Seaport Res Ptn raised First Solar to a "hold" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $277.75.

First Solar Trading Down 3.0 %

First Solar stock traded down $5.63 during mid-day trading on Monday, reaching $183.61. 1,494,979 shares of the company traded hands, compared to its average volume of 1,722,347. 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 52-week low of $135.88 and a 52-week high of $306.77. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 0.35 and a beta of 1.49. The firm's 50 day moving average price is $191.07 and its 200 day moving average price is $210.62.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $887.70 million for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. First Solar's quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts anticipate that First Solar, Inc. will post 13.15 earnings per share 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.