Leibman Financial Services Inc. Has $3.04 Million Position in First Solar, Inc. (NASDAQ:FSLR)

Leibman Financial Services Inc. grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 15.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,226 shares of the solar cell manufacturer’s stock after purchasing an additional 2,269 shares during the period. First Solar comprises 2.2% of Leibman Financial Services Inc.’s holdings, making the stock its 19th largest holding. Leibman Financial Services Inc.’s holdings in First Solar were worth $3,036,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new position in First Solar in the third quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank bought a new position in First Solar in the 3rd quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in shares of First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of First Solar during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Hsbc Global Res upgraded shares of First Solar to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Seaport Res Ptn raised First Solar to a “hold” rating in a research note on Tuesday, November 5th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Truist Financial assumed coverage on shares of First Solar in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target on the stock. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.75.

First Solar Stock Down 3.0 %

First Solar stock opened at $183.61 on Tuesday. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The company has a market capitalization of $19.66 billion, a PE ratio of 15.81, a PEG ratio of 0.35 and a beta of 1.49. The firm’s fifty day moving average is $191.07 and its 200 day moving average is $210.62. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 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 firm had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

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.