Atria Wealth Solutions Inc. Grows Position in First Solar, Inc. (NASDAQ:FSLR)

Atria Wealth Solutions Inc. boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 10,222 shares of the solar cell manufacturer’s stock after acquiring an additional 956 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Solar were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. State Street Corp grew its position in First Solar by 2.2% during the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock worth $1,236,383,000 after purchasing an additional 108,984 shares during the last quarter. Geode Capital Management LLC grew its position in First Solar by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock worth $647,440,000 after purchasing an additional 24,143 shares during the last quarter. Wellington Management Group LLP grew its position in First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after purchasing an additional 904,498 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in First Solar by 0.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock worth $434,977,000 after purchasing an additional 15,890 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Solar by 7.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer’s stock worth $331,924,000 after purchasing an additional 90,249 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ:FSLR opened at $155.39 on Friday. 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 company has a fifty day moving average of $176.11 and a two-hundred day moving average of $200.32. The stock has a market capitalization of $16.64 billion, a PE ratio of 13.38, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77.

Analysts Set New Price Targets

FSLR has been the topic of several recent research reports. Guggenheim reaffirmed a “buy” rating and issued a $335.00 price objective on shares of First Solar in a report on Wednesday, January 22nd. Barclays dropped their price objective on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Robert W. Baird dropped their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada dropped their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $276.38.

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.