Private Wealth Partners LLC Has $643,000 Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Private Wealth Partners LLC boosted its stake in First Solar, Inc. (NASDAQ:FSLR) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,647 shares of the solar cell manufacturer’s stock after buying an additional 270 shares during the period. Private Wealth Partners LLC’s holdings in First Solar were worth $643,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Strengthening Families & Communities LLC acquired a new position in shares of First Solar in the third quarter valued at approximately $25,000. Kennebec Savings Bank bought a new stake in First Solar in the 3rd quarter valued at $29,000. Larson Financial Group LLC grew its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares in the last quarter. Crews Bank & Trust bought a new position in First Solar during the 4th quarter worth $53,000. Finally, Financial Avengers Inc. acquired a new stake in shares of First Solar during the third quarter worth $77,000. 92.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on FSLR. Wells Fargo & Company decreased their price target on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered 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. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 price target (down from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group dropped their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, First Solar presently has an average rating of “Buy” and an average target price of $276.38.

First Solar Trading Down 0.2 %

NASDAQ FSLR opened at $162.50 on Thursday. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47. First Solar, Inc. has a twelve month low of $141.70 and a twelve month high of $306.77. 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 business’s fifty day moving average is $177.64 and its 200 day moving average is $201.00.

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.