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

Whalen Wealth Management Inc. lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 47.0% in the 4th quarter, Holdings Channel reports. The fund owned 4,859 shares of the solar cell manufacturer’s stock after acquiring 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its holdings in First Solar by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock worth $89,000 after purchasing an additional 45 shares in the last quarter. Davis Investment Partners LLC increased its stake in shares of First Solar by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock worth $1,805,000 after acquiring an additional 46 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after acquiring an additional 50 shares during the period. Covestor Ltd lifted its position in First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock valued at $229,000 after acquiring an additional 55 shares during the period. Finally, Field & Main Bank boosted its stake in First Solar by 4.1% during the third quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after acquiring an additional 55 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Piper Sandler raised their price target on First Solar from $210.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Susquehanna dropped their price target on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Finally, Roth Mkm reduced their price objective 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. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $277.75.

First Solar Price Performance

NASDAQ FSLR opened at $171.90 on Thursday. The business’s fifty day moving average is $189.98 and its 200 day moving average is $208.83. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two 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 $18.40 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data 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 company had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that First Solar, Inc. will post 13.07 earnings per share for the current year.

First Solar 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.