First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Doliver Advisors LP

Doliver Advisors LP grew its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,713 shares of the solar cell manufacturer’s stock after purchasing an additional 56 shares during the period. Doliver Advisors LP’s holdings in First Solar were worth $831,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Electron Capital Partners LLC lifted its holdings in First Solar by 81,947.0% in the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after buying an additional 7,660,409 shares in the last quarter. State Street Corp lifted its stake in shares of First Solar by 2.2% in the third quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock worth $1,236,383,000 after acquiring an additional 108,984 shares in the last quarter. Geode Capital Management LLC boosted its holdings in First Solar by 0.9% in the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock valued at $647,440,000 after purchasing an additional 24,143 shares during the last quarter. Wellington Management Group LLP grew its stake 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 valued at $523,166,000 after purchasing an additional 904,498 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of First Solar by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after purchasing an additional 15,890 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho decreased their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Robert W. Baird reduced their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. 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. Finally, The Goldman Sachs Group cut their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $279.04.

First Solar Price Performance

FSLR stock traded up $5.62 during trading on Monday, hitting $192.05. The company had a trading volume of 1,496,393 shares, compared to its average volume of 1,504,826. The business has a 50 day moving average of $192.46 and a 200 day moving average of $213.37. The firm has a market capitalization of $20.56 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.35 and a beta of 1.46. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77.

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

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.