Bouvel Investment Partners LLC Has $4.07 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Bouvel Investment Partners LLC lowered its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 16,329 shares of the solar cell manufacturer’s stock after selling 185 shares during the period. First Solar accounts for about 1.5% of Bouvel Investment Partners LLC’s holdings, making the stock its 22nd biggest position. Bouvel Investment Partners LLC’s holdings in First Solar were worth $4,073,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. AlphaMark Advisors LLC acquired a new position in First Solar in the third quarter worth approximately $25,000. Kennebec Savings Bank bought a new stake in First Solar in the third quarter worth approximately $29,000. Atlas Capital Advisors LLC increased its stake in shares of First Solar by 411.1% during the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of First Solar during the 2nd quarter worth $36,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of First Solar during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Down 0.1 %

NASDAQ FSLR opened at $182.13 on Thursday. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The stock has a market cap of $19.50 billion, a PE ratio of 15.69, a PEG ratio of 0.32 and a beta of 1.48. The firm has a 50-day simple moving average of $217.04 and a 200 day simple moving average of $225.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS 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 firm had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $2.50 EPS. First Solar’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts forecast that First Solar, Inc. will post 13.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FSLR shares. Piper Sandler decreased their price objective on shares of First Solar from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. UBS Group upped their price target on First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Mizuho lowered their price objective on First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Seaport Res Ptn upgraded First Solar to a “hold” rating in a report on Tuesday, November 5th. Finally, Clarkson Capital started coverage on First Solar in a research report on Wednesday, August 14th. They set a “buy” rating and a $270.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.50.

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.