UMB Bank n.a. boosted its position in First Solar, Inc. (NASDAQ:FSLR – Free Report) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 645 shares of the solar cell manufacturer’s stock after acquiring an additional 88 shares during the period. UMB Bank n.a.’s holdings in First Solar were worth $114,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC grew its position in First Solar by 58.4% in the 4th quarter. Gilman Hill Asset Management LLC now owns 2,890 shares of the solar cell manufacturer’s stock valued at $509,000 after purchasing an additional 1,065 shares during the period. City Holding Co. grew its holdings in shares of First Solar by 84.9% during the fourth quarter. City Holding Co. now owns 1,666 shares of the solar cell manufacturer’s stock valued at $294,000 after buying an additional 765 shares during the last quarter. Polianta Ltd acquired a new stake in shares of First Solar in the 4th quarter worth about $1,039,000. Trust Co. of Vermont lifted its position in First Solar by 4.6% in the 4th quarter. Trust Co. of Vermont now owns 7,687 shares of the solar cell manufacturer’s stock valued at $1,355,000 after acquiring an additional 336 shares in the last quarter. Finally, Trium Capital LLP increased its holdings in First Solar by 22.4% during the 4th quarter. Trium Capital LLP now owns 7,498 shares of the solar cell manufacturer’s stock worth $1,321,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Citigroup raised First Solar from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Roth Mkm dropped their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Susquehanna reduced their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 target price (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $277.75.
First Solar Trading Up 1.3 %
NASDAQ:FSLR opened at $174.11 on Friday. The firm has a market capitalization of $18.64 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.21 and a beta of 1.49. 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 company has a fifty day moving average of $189.56 and a 200 day moving average of $208.59. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77.
First Solar (NASDAQ:FSLR – Get Free Report) last posted its earnings results 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 firm 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 quarter in the prior year, the company posted $2.50 earnings per share. On average, research analysts predict that First Solar, Inc. will post 13.07 earnings per share for the current year.
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.
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