First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,530 shares of the solar cell manufacturer’s stock after purchasing an additional 330 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in First Solar were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Electron Capital Partners LLC boosted its holdings in shares of 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 purchasing an additional 7,660,409 shares during the last quarter. Wellington Management Group LLP boosted its holdings in First Solar by 75.8% in the third 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 during the last quarter. Robeco Institutional Asset Management B.V. grew its position in First Solar by 1,757.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock valued at $136,242,000 after acquiring an additional 516,783 shares during the period. Merewether Investment Management LP increased its stake in First Solar by 993.4% during the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock worth $80,553,000 after acquiring an additional 293,400 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in First Solar during the third quarter valued at approximately $67,652,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 3.0 %

Shares of FSLR stock traded down $5.63 on Monday, reaching $183.61. 1,471,408 shares of the company’s stock traded hands, compared to its average volume of 1,719,717. The company has a market capitalization of $19.66 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The business’s 50 day moving average price is $191.64 and its two-hundred day moving average price is $211.08.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share 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 analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $2.50 EPS. First Solar’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that First Solar, Inc. will post 13.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FSLR shares. Seaport Res Ptn raised First Solar to a “hold” rating in a research report on Tuesday, November 5th. Evercore ISI lowered their price target on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Bank of America decreased their price objective on shares of First Solar from $321.00 to $269.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Robert W. Baird dropped their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $277.75.

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.