Barlow Wealth Partners Inc. Sells 100 Shares of First Solar, Inc. (NASDAQ:FSLR)

Barlow Wealth Partners Inc. decreased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,950 shares of the solar cell manufacturer’s stock after selling 100 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in First Solar were worth $1,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC bought a new position in First Solar in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of First Solar during the third quarter valued at $25,000. Kennebec Savings Bank bought a new position in shares of First Solar in the third quarter worth about $29,000. Larson Financial Group LLC increased its stake in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in First Solar by 555.6% during the 3rd quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock valued at $59,000 after buying an additional 200 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FSLR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Jefferies Financial Group dropped their price objective on First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price for the company in a research report on Tuesday, October 29th. Evercore ISI dropped their price target on First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $277.75.

First Solar Stock Down 4.9 %

FSLR stock opened at $183.51 on Wednesday. The stock has a market capitalization of $19.65 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.22 and a beta of 1.49. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $190.18 and a 200 day moving average of $209.09.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts forecast that First Solar, Inc. will post 13.07 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.