LaFleur & Godfrey LLC Sells 175 Shares of First Solar, Inc. (NASDAQ:FSLR)

LaFleur & Godfrey LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,427 shares of the solar cell manufacturer’s stock after selling 175 shares during the quarter. LaFleur & Godfrey LLC’s holdings in First Solar were worth $1,485,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC raised its position in shares of First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after buying an additional 7,660,409 shares in the last quarter. Wellington Management Group LLP increased 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 in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of First Solar by 1,757.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after buying an additional 516,783 shares in the last quarter. Merewether Investment Management LP raised its position in First Solar by 993.4% in the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock valued at $80,553,000 after purchasing an additional 293,400 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in First Solar during the 3rd quarter worth approximately $67,652,000. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FSLR shares. Jefferies Financial Group decreased their price target on First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Truist Financial started coverage on shares of First Solar in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target for the company. Citigroup raised First Solar from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $254.00 in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.75.

First Solar Stock Performance

Shares of FSLR opened at $192.88 on Monday. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77. The stock’s 50-day simple moving average is $190.18 and its 200 day simple moving average is $209.63. 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 stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The firm had revenue of $887.70 million during the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 earnings per share. Research analysts forecast that First Solar, Inc. will post 13.09 EPS for the current fiscal year.

First Solar Company 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.