Whalen Wealth Management Inc. Purchases 1,554 Shares of First Solar, Inc. (NASDAQ:FSLR)

Whalen Wealth Management Inc. lifted its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,859 shares of the solar cell manufacturer's stock after purchasing an additional 1,554 shares during the quarter. Whalen Wealth Management Inc.'s holdings in First Solar were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FSLR. Electron Capital Partners LLC lifted its position in First Solar by 81,947.0% in the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer's stock valued at $1,729,223,000 after acquiring an additional 7,660,409 shares in the last quarter. State Street Corp lifted its position in First Solar by 2.2% in the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock valued at $1,236,383,000 after acquiring an additional 108,984 shares in the last quarter. Geode Capital Management LLC lifted its position in First Solar by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock valued at $647,440,000 after acquiring an additional 24,143 shares in the last quarter. Wellington Management Group LLP lifted its position in First Solar by 75.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock valued at $523,166,000 after acquiring an additional 904,498 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in First Solar by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock valued at $434,977,000 after acquiring an additional 15,890 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

Shares of First Solar stock traded up $2.21 during trading on Thursday, reaching $174.11. 4,224,178 shares of the stock traded hands, compared to its average volume of 2,142,658. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.21 and a beta of 1.49. The business has a fifty day simple moving average of $189.98 and a two-hundred day simple moving average of $208.83. 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.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts' consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted $2.50 EPS. The firm's revenue was up 10.7% on a year-over-year basis. Sell-side analysts expect that First Solar, Inc. will post 13.07 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on FSLR. Morgan Stanley lowered their price objective 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. Seaport Res Ptn raised First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial started coverage on First Solar in a report on Thursday, September 26th. They set a "buy" rating and a $300.00 price target on the stock. Piper Sandler upped their price objective on First Solar from $210.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Finally, Guggenheim restated a "buy" rating and issued a $335.00 price objective on shares of First Solar in a research note on Wednesday. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.