Sigma Planning Corp lessened its position in First Solar, Inc. (NASDAQ:FSLR – Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,295 shares of the solar cell manufacturer’s stock after selling 155 shares during the period. Sigma Planning Corp’s holdings in First Solar were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC bought a new stake in shares of First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank bought a new stake in shares of First Solar in the 3rd quarter valued at about $29,000. Larson Financial Group LLC grew its position in shares of First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of First Solar in the 4th quarter valued at about $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new stake in shares of First Solar in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Performance

Shares of FSLR opened at $136.18 on Friday. 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 company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.19 and a beta of 1.47. The stock has a 50 day moving average of $172.38 and a 200 day moving average of $198.11. First Solar, Inc. has a 12 month low of $133.90 and a 12 month high of $306.77.

First Solar (NASDAQ:FSLR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. As a group, sell-side analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial reiterated a “buy” rating and issued a $285.00 price target (down previously from $300.00) on shares of First Solar in a research report on Wednesday. Piper Sandler cut their target price on First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on First Solar from $282.00 to $268.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup cut their target price on First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird cut 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. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.08.

Read Our Latest Report on FSLR

About First Solar

(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.