First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Czech National Bank

Czech National Bank lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,213 shares of the solar cell manufacturer’s stock after acquiring an additional 1,401 shares during the period. Czech National Bank’s holdings in First Solar were worth $4,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Electron Capital Partners LLC increased its position in shares of First Solar by 81,947.0% in the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after acquiring an additional 7,660,409 shares during the period. State Street Corp boosted its holdings in First Solar by 2.2% in the third quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock valued at $1,236,383,000 after purchasing an additional 108,984 shares during the last quarter. Geode Capital Management LLC boosted its holdings in First Solar by 0.9% in the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock valued at $647,440,000 after purchasing an additional 24,143 shares during the last quarter. Wellington Management Group LLP boosted its holdings in First Solar by 75.8% in the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock valued at $523,166,000 after purchasing an additional 904,498 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in First Solar by 0.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after purchasing an additional 15,890 shares during the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Stock Performance

NASDAQ:FSLR opened at $186.82 on Thursday. 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 stock has a market capitalization of $20.00 billion, a P/E ratio of 16.09, a PEG ratio of 0.35 and a beta of 1.49. The company has a 50 day moving average price of $190.46 and a 200 day moving average price of $210.33. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77.

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). The company had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 EPS. Equities research analysts forecast that First Solar, Inc. will post 13.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FSLR shares. Guggenheim lowered their price target on shares of First Solar from $368.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Truist Financial began coverage on shares of First Solar in a research note on Thursday, September 26th. They set a “buy” rating and a $300.00 target price on the stock. Seaport Res Ptn raised shares of First Solar to a “hold” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Evercore ISI reduced their price target on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

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.