First Solar, Inc. (NASDAQ:FSLR) Stock Holdings Increased by Fiduciary Trust Co

Fiduciary Trust Co boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 41.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,511 shares of the solar cell manufacturer’s stock after purchasing an additional 2,210 shares during the period. Fiduciary Trust Co’s holdings in First Solar were worth $1,874,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new stake in shares of First Solar during the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in First Solar during the third quarter valued at approximately $25,000. Kennebec Savings Bank acquired a new stake in First Solar in the third quarter valued at approximately $29,000. Atlas Capital Advisors LLC grew its position in First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several analyst reports. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays reduced their price target on First Solar from $290.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Morgan Stanley lowered their price objective on First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Seaport Res Ptn upgraded First Solar to a “hold” rating in a report on Tuesday, November 5th. Finally, William Blair assumed coverage on First Solar in a report on Thursday, August 29th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.04.

First Solar Stock Up 3.5 %

Shares of FSLR stock opened at $199.27 on Friday. First Solar, Inc. has a one year low of $135.88 and a one 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. The stock has a fifty day moving average price of $208.94 and a 200 day moving average price of $225.35. The stock has a market cap of $21.33 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The business had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. First Solar’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 earnings per share. Analysts predict that First Solar, Inc. will post 13.15 earnings per share for the current 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.