First Solar, Inc. (NASDAQ:FSLR) Shares Sold by BNP Paribas

BNP Paribas trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,517 shares of the solar cell manufacturer’s stock after selling 1,289 shares during the period. BNP Paribas’ holdings in First Solar were worth $1,626,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Electron Capital Partners LLC grew its holdings in First Solar by 81,947.0% during the 2nd quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after acquiring an additional 7,660,409 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in First Solar by 1,757.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after acquiring an additional 516,783 shares in the last quarter. Anomaly Capital Management LP acquired a new position in First Solar during the 2nd quarter worth $53,752,000. International Assets Investment Management LLC grew its holdings in First Solar by 24,844.0% during the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer’s stock worth $542,560,000 after acquiring an additional 216,640 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in First Solar by 2,429.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 174,530 shares of the solar cell manufacturer’s stock worth $39,350,000 after acquiring an additional 167,629 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FSLR shares. Oppenheimer raised their price objective on shares of First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Jefferies Financial Group decreased their price objective on shares of First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Truist Financial assumed coverage on shares of First Solar in a report on Thursday, September 26th. They set a “buy” rating and a $300.00 price objective for the company. DZ Bank upgraded shares of First Solar from a “hold” rating to a “buy” rating and set a $280.00 price target on the stock in a research report on Thursday, August 1st. Finally, StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $279.04.

First Solar Trading Up 0.1 %

Shares of NASDAQ:FSLR opened at $192.57 on Thursday. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77. The company has a market cap of $20.62 billion, a PE ratio of 16.59, a P/E/G ratio of 0.34 and a beta of 1.48. The company’s 50-day moving average price is $210.88 and its 200 day moving average price is $225.81. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results 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 company had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that First Solar, Inc. will post 13.15 earnings per share for the current year.

First Solar Company 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.