First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC cut its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 6,637 shares of the solar cell manufacturer’s stock after selling 185 shares during the period. Fort Sheridan Advisors LLC’s holdings in First Solar were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in shares of First Solar by 10.1% in the 3rd quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer’s stock valued at $3,253,000 after buying an additional 1,197 shares during the period. Private Advisor Group LLC lifted its holdings in First Solar by 4.9% in the third quarter. Private Advisor Group LLC now owns 3,877 shares of the solar cell manufacturer’s stock valued at $967,000 after acquiring an additional 180 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in First Solar by 12.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,912 shares of the solar cell manufacturer’s stock worth $1,475,000 after purchasing an additional 636 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of First Solar by 6.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,434 shares of the solar cell manufacturer’s stock worth $3,101,000 after purchasing an additional 795 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in shares of First Solar by 10.9% during the 3rd quarter. New York State Teachers Retirement System now owns 104,400 shares of the solar cell manufacturer’s stock valued at $26,042,000 after purchasing an additional 10,232 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Trading Down 10.0 %

Shares of FSLR stock opened at $141.18 on Friday. The company has a 50-day moving average of $173.30 and a two-hundred day moving average of $198.68. The firm has a market cap of $15.11 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 1-year low of $140.84 and a 1-year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. On average, analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on FSLR shares. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Robert W. Baird dropped their target price on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Guggenheim reduced their price target on First Solar from $335.00 to $304.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on First Solar in a report on Thursday. Finally, Barclays reduced their target price on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.63.

First Solar 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.