First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 58.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,890 shares of the solar cell manufacturer’s stock after purchasing an additional 1,065 shares during the period. Gilman Hill Asset Management LLC’s holdings in First Solar were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FSLR. City Holding Co. increased its holdings in First Solar by 84.9% in the 4th quarter. City Holding Co. now owns 1,666 shares of the solar cell manufacturer’s stock valued at $294,000 after purchasing an additional 765 shares during the last quarter. Polianta Ltd purchased a new position in shares of First Solar during the fourth quarter worth $1,039,000. Trust Co. of Vermont grew its stake in shares of First Solar by 4.6% in the fourth quarter. Trust Co. of Vermont now owns 7,687 shares of the solar cell manufacturer’s stock valued at $1,355,000 after buying an additional 336 shares in the last quarter. Trium Capital LLP raised its holdings in shares of First Solar by 22.4% in the 4th quarter. Trium Capital LLP now owns 7,498 shares of the solar cell manufacturer’s stock valued at $1,321,000 after buying an additional 1,371 shares during the period. Finally, Boston Common Asset Management LLC grew its position in First Solar by 9.2% in the 4th quarter. Boston Common Asset Management LLC now owns 75,811 shares of the solar cell manufacturer’s stock valued at $13,361,000 after acquiring an additional 6,377 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on FSLR. Bank of America decreased their price objective on First Solar from $321.00 to $269.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley lowered their price target on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Barclays reduced their price objective on shares of First Solar from $290.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $260.00 price target (down from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, First Solar has an average rating of “Moderate Buy” and an average price target of $277.75.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $192.88 on Tuesday. 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, Inc. has a 1-year low of $135.88 and a 1-year high of $306.77. The company has a market capitalization of $20.65 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.21 and a beta of 1.49. The business has a 50-day moving average of $190.16 and a 200-day moving average of $209.36.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that First Solar, Inc. will post 13.09 EPS for the current fiscal 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.