2 weeks Ago By ABMN Staff
Quarry LP lifted its position in First Solar, Inc. ( NASDAQ:FSLR – Free Report ) by 117.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 9,447 shares of the solar cell manufacturer’s stock after acquiring an additional 5,095 shares during the period. Quarry LP’s holdings in First Solar were worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also recently bought and sold shares of the company.
TD Asset Management Inc raised its position in shares of First Solar by 8.1% in the fourth quarter. TD Asset Management Inc now owns 35,451 shares of the solar cell manufacturer’s stock valued at $6,107,000 after buying an additional 2,668 shares during the last quarter.
Focus Financial Network Inc. ADV acquired a new position in First Solar in the 4th quarter valued at about $472,000. Bank of Nova Scotia grew its stake in shares of First Solar by 46.
5% in the fourth quarter. Bank of Nova Scotia now owns 40,181 shares of the solar cell manufacturer’s stock worth $6,923,000 after acquiring an additional 12,750 shares in the last quarter. California State Teachers Retirement System raised its position in First Solar by 1.
9% in the 4th quarter. California State Teachers Retirement System now owns 165,055 shares of the solar cell manufacturer’s stock valued at $28,436,000 after purchasing an additional 3,006 shares in the last quarter. Finally, APG Asset Management US Inc.
acquired a new stake in shares of First Solar in the 4th quarter valued at $6,942,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
Analyst Upgrades and Downgrades FSLR has been the subject of several research reports. Oppenheimer boosted their target price on First Solar from $325.00 to $326.
00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird lowered their price objective on shares of First Solar from $344.
00 to $307.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Barclays raised their price target on shares of First Solar from $280.
00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. William Blair assumed coverage on First Solar in a research report on Thursday, August 29th.
They issued a “market perform” rating for the company. Finally, Janney Montgomery Scott lowered shares of First Solar from a “buy” rating to a “neutral” rating in a report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock.
According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.12. First Solar Stock Performance FSLR stock opened at $255.
75 on Monday. The stock has a 50-day moving average price of $225.51 and a 200-day moving average price of $216.
60. First Solar, Inc. has a 1-year low of $129.
21 and a 1-year high of $306.77. The company has a current ratio of 2.
23, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06.
The firm has a market cap of $27.38 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.
42 and a beta of 1.44. First Solar ( NASDAQ:FSLR – Get Free Report ) last announced its earnings results on Tuesday, July 30th.
The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.
56. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $939.
71 million. First Solar had a return on equity of 17.73% and a net margin of 31.
98%. The company’s revenue was up 24.6% compared to the same quarter last year.
During the same quarter in the previous year, the business earned $1.85 EPS. As a group, equities research analysts expect that First Solar, Inc.
will post 13.62 earnings per share for the current year. Insider Buying and Selling at First Solar In related news, CAO Byron Michael Jeffers sold 500 shares of the company’s stock in a transaction on Monday, August 12th.
The stock was sold at an average price of $220.00, for a total value of $110,000.00.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . In other news, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $222.
00, for a total transaction of $1,913,418.00. Following the sale, the insider now directly owns 3,468 shares of the company’s stock, valued at approximately $769,896.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CAO Byron Michael Jeffers sold 500 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $220.
00, for a total value of $110,000.00. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 10,885 shares of company stock worth $2,405,757. 0.58% of the stock is currently owned by insiders.
First Solar Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.
com's FREE daily email newsletter ..
