First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its stake in First Solar, Inc. (NASDAQ:FSLR) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,092 shares of the solar cell manufacturer’s stock after selling 2,100 shares during the quarter. Savant Capital LLC’s holdings in First Solar were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its position in First Solar by 2.2% during the third quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock valued at $1,236,383,000 after acquiring an additional 108,984 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of First Solar by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock valued at $647,440,000 after purchasing an additional 24,143 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of First Solar by 75.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock valued at $523,166,000 after purchasing an additional 904,498 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in First Solar by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock worth $434,977,000 after buying an additional 15,890 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Solar by 7.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer’s stock valued at $331,924,000 after buying an additional 90,249 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 1.1 %

NASDAQ FSLR opened at $160.34 on Friday. The business’s fifty day simple moving average is $180.71 and its 200-day simple moving average is $202.62. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The firm has a market cap of $17.17 billion, a PE ratio of 13.81, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 52 week low of $141.70 and a 52 week high of $306.77.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FSLR. Royal Bank of Canada decreased their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research note on Tuesday, October 29th. Susquehanna lowered their price target on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI cut their price objective on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays decreased their target price on First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Two 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $276.38.

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.