Stratos Wealth Partners LTD. Sells 736 Shares of First Solar, Inc. (NASDAQ:FSLR)

Stratos Wealth Partners LTD. reduced its position in First Solar, Inc. (NASDAQ:FSLR) by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,520 shares of the solar cell manufacturer’s stock after selling 736 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in First Solar were worth $268,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new stake in First Solar in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new position in First Solar during the 3rd quarter valued at about $25,000. Kennebec Savings Bank purchased a new stake in First Solar in the third quarter valued at about $29,000. Larson Financial Group LLC boosted 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 purchasing an additional 107 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of First Solar during the fourth quarter valued at $53,000. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $160.34 on Friday. The company has a market cap of $17.17 billion, a P/E ratio of 13.81, a PEG ratio of 0.19 and a beta of 1.47. The firm’s 50 day moving average price is $180.71 and its 200 day moving average price is $202.62. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FSLR. Evercore ISI reduced their target price on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price for the company in a research note on Tuesday, October 29th. Finally, Mizuho upgraded shares of First Solar from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $218.00 to $259.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $276.38.

About First Solar

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.