4,312 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Scientech Research LLC

Scientech Research LLC purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,312 shares of the solar cell manufacturer’s stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in First Solar by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer’s stock worth $2,068,000 after purchasing an additional 49 shares during the period. Cambridge Trust Co. lifted its position in First Solar by 1.6% during the first quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer’s stock worth $546,000 after acquiring an additional 50 shares during the last quarter. Great Diamond Partners LLC lifted its position in First Solar by 3.8% during the first quarter. Great Diamond Partners LLC now owns 1,463 shares of the solar cell manufacturer’s stock worth $247,000 after acquiring an additional 53 shares during the last quarter. Xponance Inc. lifted its position in First Solar by 0.4% during the second quarter. Xponance Inc. now owns 15,346 shares of the solar cell manufacturer’s stock worth $3,460,000 after acquiring an additional 56 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in First Solar by 24.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 311 shares of the solar cell manufacturer’s stock worth $70,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FSLR shares. Oppenheimer raised their price objective on shares of First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Roth Mkm restated a “buy” rating and set a $320.00 price objective (up from $230.00) on shares of First Solar in a research report on Friday, May 31st. BMO Capital Markets cut their price objective on shares of First Solar from $311.00 to $286.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of First Solar from $215.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, DZ Bank upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $280.00 price target for the company in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

First Solar Stock Performance

NASDAQ FSLR opened at $255.75 on Friday. The firm’s fifty day moving average price is $225.51 and its two-hundred day moving average price is $215.79. The stock has a market cap of $27.38 billion, a PE ratio of 26.81, a PEG ratio of 0.42 and a beta of 1.44. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $306.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.56. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $939.71 million. First Solar had a net margin of 31.98% and a return on equity of 17.73%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. On average, equities analysts expect that First Solar, Inc. will post 13.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Solar news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the sale, the insider now owns 3,468 shares of the company’s stock, valued at $769,896. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the sale, the insider now owns 3,468 shares of the company’s stock, valued at $769,896. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.00. Following the completion of the sale, the chief accounting officer now directly owns 500 shares in the company, valued at approximately $108,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,885 shares of company stock valued at $2,405,757. 0.58% of the stock is currently owned by insiders.

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.