685 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Hager Investment Management Services LLC

Hager Investment Management Services LLC bought a new position in First Solar, Inc. (NASDAQ:FSLR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 685 shares of the solar cell manufacturer’s stock, valued at approximately $121,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of 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 worth $1,236,383,000 after acquiring an additional 108,984 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $647,440,000 after acquiring an additional 24,143 shares during the last quarter. Wellington Management Group LLP grew 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 worth $523,166,000 after purchasing an additional 904,498 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew 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 worth $434,977,000 after purchasing an additional 15,890 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Solar by 7.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer’s stock worth $331,924,000 after purchasing an additional 90,249 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ FSLR opened at $166.23 on Wednesday. First Solar, Inc. has a 52-week low of $135.88 and a 52-week 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 company has a market capitalization of $17.80 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.19 and a beta of 1.47. The company has a fifty day moving average of $185.86 and a 200-day moving average of $205.23.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSLR shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 price objective (down from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. 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. Royal Bank of Canada reduced their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Roth Mkm decreased their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Piper Sandler raised their price target on shares of First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $276.29.

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.