Wealth Enhancement Advisory Services LLC Purchases 1,192 Shares of First Solar, Inc. (NASDAQ:FSLR)

Wealth Enhancement Advisory Services LLC grew its position in First Solar, Inc. (NASDAQ:FSLR) by 20.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,104 shares of the solar cell manufacturer’s stock after buying an additional 1,192 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Solar were worth $1,252,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AlphaMark Advisors LLC purchased a new position in First Solar in the third quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar in the 3rd quarter worth $25,000. Kennebec Savings Bank purchased a new position in First Solar during the 3rd quarter worth $29,000. Larson Financial Group LLC increased its position in First Solar by 214.0% during 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. Finally, Itau Unibanco Holding S.A. purchased a new stake in First Solar in the second quarter valued at about $38,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 0.8 %

FSLR stock opened at $186.82 on Thursday. The firm’s fifty day moving average is $190.46 and its 200 day moving average is $210.33. The firm has a market cap of $20.00 billion, a PE ratio of 16.09, a P/E/G ratio of 0.35 and a beta of 1.49. First Solar, Inc. has a one year low of $135.88 and a one year 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.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million during the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. First Solar’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 EPS. On average, research analysts forecast that First Solar, Inc. will post 13.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective 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. Evercore ISI cut their price target on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Citigroup upgraded shares of First Solar from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $254.00 in a research note on Tuesday, October 22nd. Bank of America cut their target price on First Solar from $321.00 to $269.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised First Solar to a “hold” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

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.