Janney Montgomery Scott LLC Raises Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Janney Montgomery Scott LLC grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 125.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,513 shares of the solar cell manufacturer’s stock after acquiring an additional 3,618 shares during the period. Janney Montgomery Scott LLC’s holdings in First Solar were worth $1,148,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FSLR. AlphaMark Advisors LLC bought a new stake in First Solar in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new stake in shares of First Solar during the 3rd quarter valued at $25,000. Kennebec Savings Bank bought a new stake in First Solar during the third quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after purchasing an additional 107 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of First Solar by 555.6% in the third 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 in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

FSLR has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price objective on shares of First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Hsbc Global Res raised shares of First Solar to a “strong-buy” rating in a report on Wednesday, October 9th. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research report on Tuesday, October 29th. Guggenheim restated a “buy” rating and set a $335.00 price objective on shares of First Solar in a research report on Wednesday, January 22nd. Finally, Morgan Stanley dropped their target price on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average target price of $276.29.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $166.23 on Wednesday. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.19 and a beta of 1.47. The company has a 50 day simple moving average of $185.86 and a two-hundred day simple moving average of $205.23. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week 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 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.