Blue Trust Inc. Boosts Stake in First Solar, Inc. (NASDAQ:FSLR)

Blue Trust Inc. lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 90.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,466 shares of the solar cell manufacturer’s stock after purchasing an additional 697 shares during the quarter. Blue Trust Inc.’s holdings in First Solar were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new position in shares of First Solar in the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC bought a new stake in shares of First Solar in the third quarter worth $25,000. Kennebec Savings Bank acquired a new stake in First Solar in the third quarter valued at $29,000. Larson Financial Group LLC boosted its stake 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 acquiring an additional 107 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in First Solar by 555.6% during the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock worth $59,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 0.1 %

Shares of FSLR opened at $167.52 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 1-year low of $135.88 and a 1-year high of $306.77. The stock has a market capitalization of $17.93 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.19 and a beta of 1.49. The business’s 50-day moving average price is $186.89 and its 200 day moving average price is $205.91.

Analyst Ratings Changes

Several research firms recently issued reports on FSLR. Susquehanna dropped their price target on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Tuesday, October 29th. Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Jefferies Financial Group cut their price target on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Three equities research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.29.

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.