Bleakley Financial Group LLC Decreases Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Bleakley Financial Group LLC lowered its position in First Solar, Inc. (NASDAQ:FSLR) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,307 shares of the solar cell manufacturer’s stock after selling 76 shares during the quarter. Bleakley Financial Group LLC’s holdings in First Solar were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaMark Advisors LLC purchased a new position in First Solar in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new position in First Solar during the 3rd quarter worth about $25,000. Kennebec Savings Bank bought a new position in First Solar during the 3rd quarter worth about $29,000. Larson Financial Group LLC grew its position in shares of 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 last quarter. Finally, Crews Bank & Trust purchased a new position in First Solar in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of recent analyst reports. Citigroup upgraded shares of First Solar from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $254.00 in a research note on Tuesday, October 22nd. The Goldman Sachs Group lowered their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Robert W. Baird dropped their target price 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. Finally, Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Performance

First Solar stock opened at $158.61 on Thursday. First Solar, Inc. has a 52-week low of $141.70 and a 52-week high of $306.77. The firm has a market capitalization of $16.98 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.19 and a beta of 1.47. The stock has a fifty day moving average price of $181.46 and a two-hundred day moving average price of $202.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

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.