Yaupon Capital Management LP Has $33.58 Million Position in First Solar, Inc. (NASDAQ:FSLR)

Yaupon Capital Management LP increased its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 123.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,534 shares of the solar cell manufacturer's stock after buying an additional 105,436 shares during the period. First Solar accounts for 1.4% of Yaupon Capital Management LP's portfolio, making the stock its 15th largest holding. Yaupon Capital Management LP owned 0.18% of First Solar worth $33,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of First Solar during the 4th quarter worth $317,399,000. Demars Financial Group LLC boosted its holdings in First Solar by 17,404.5% in the fourth quarter. Demars Financial Group LLC now owns 722,760 shares of the solar cell manufacturer's stock worth $127,379,000 after purchasing an additional 718,631 shares in the last quarter. Mirova US LLC increased its position in First Solar by 961.0% during the fourth quarter. Mirova US LLC now owns 646,310 shares of the solar cell manufacturer's stock worth $113,906,000 after buying an additional 585,394 shares during the last quarter. Amundi raised its holdings in First Solar by 31.0% during the fourth quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock valued at $336,871,000 after buying an additional 426,797 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of First Solar by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 2,359,846 shares of the solar cell manufacturer's stock worth $415,899,000 after buying an additional 262,482 shares during the last quarter. Institutional investors own 92.08% of the company's stock.

First Solar Price Performance

NASDAQ:FSLR traded up $5.42 during trading hours on Friday, reaching $141.86. The company had a trading volume of 2,698,287 shares, compared to its average volume of 2,777,381. 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 50-day moving average of $133.46 and a two-hundred day moving average of $169.09. First Solar, Inc. has a one year low of $116.56 and a one year high of $306.77. The firm has a market capitalization of $15.19 billion, a PE ratio of 12.22, a PEG ratio of 0.19 and a beta of 1.48.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada lowered their price target on First Solar from $280.00 to $251.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. UBS Group dropped their target price on shares of First Solar from $285.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho upgraded shares of First Solar from a "neutral" rating to an "outperform" rating and upped their price target for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Truist Financial reaffirmed a "buy" rating and issued a $245.00 price target (down from $285.00) on shares of First Solar in a research report on Wednesday, April 2nd. Finally, Robert W. Baird decreased their target price on First Solar from $267.00 to $240.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, First Solar presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.96.

Insider Transactions at First Solar

In other news, CEO Mark R. Widmar sold 21,542 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the sale, the chief executive officer now directly owns 103,403 shares of the company's stock, valued at $14,589,129.27. This represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kuntal Kumar Verma sold 7,475 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the completion of the transaction, the insider now owns 3,549 shares of the company's stock, valued at $484,793.40. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,311 shares of company stock worth $4,767,158. Insiders own 0.48% of the company's stock.

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.