Savant Capital LLC Lowers Holdings in First Solar, Inc. (NASDAQ:FSLR)

Savant Capital LLC lowered its holdings in First Solar, Inc. (NASDAQ:FSLR) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,092 shares of the solar cell manufacturer’s stock after selling 2,100 shares during the quarter. Savant Capital LLC’s holdings in First Solar were worth $1,250,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in First Solar by 75.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock valued at $523,166,000 after buying an additional 904,498 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of First Solar by 1,757.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock valued at $136,242,000 after acquiring an additional 516,783 shares during the period. Merewether Investment Management LP raised its stake in shares of First Solar by 993.4% in the 3rd quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock valued at $80,553,000 after acquiring an additional 293,400 shares during the period. Erste Asset Management GmbH acquired a new position in shares of First Solar in the 3rd quarter worth approximately $67,652,000. Finally, International Assets Investment Management LLC increased its holdings in First Solar by 24,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer’s stock valued at $542,560,000 after purchasing an additional 216,640 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird decreased their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Bank of America dropped their target price on First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company reduced their price target on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $260.00 price objective (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, First Solar currently has an average rating of “Buy” and a consensus target price of $276.38.

First Solar Trading Up 1.1 %

Shares of First Solar stock opened at $160.34 on Friday. The company has a fifty day simple moving average of $180.71 and a 200-day simple moving average of $202.62. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.19 and a beta of 1.47.

About First Solar

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.