Louisiana State Employees Retirement System Sells 200 Shares of First Solar, Inc. (NASDAQ:FSLR)

Louisiana State Employees Retirement System lessened its holdings in First Solar, Inc. (NASDAQ:FSLR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,800 shares of the solar cell manufacturer’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in First Solar were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FSLR. Strengthening Families & Communities LLC bought a new position in First Solar in the 3rd quarter valued at $25,000. Kennebec Savings Bank bought a new position in shares of First Solar during the 3rd quarter worth $29,000. Larson Financial Group LLC grew its position 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 buying an additional 107 shares in the last quarter. Crews Bank & Trust bought a new position in shares of First Solar during the 4th quarter worth $53,000. Finally, Financial Avengers Inc. bought a new position in shares of First Solar during the 3rd quarter worth $77,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 0.4 %

First Solar stock opened at $159.76 on Tuesday. The stock has a market capitalization of $17.10 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77. The business has a 50 day simple moving average of $179.22 and a 200-day simple moving average of $201.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FSLR shares. Wells Fargo & Company dropped their price target on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Guggenheim reissued a “buy” rating and set a $335.00 price target on shares of First Solar in a research report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $260.00 price target (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Susquehanna dropped their price objective on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $276.38.

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.