Private Wealth Partners LLC Has $643,000 Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Private Wealth Partners LLC increased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,647 shares of the solar cell manufacturer’s stock after purchasing an additional 270 shares during the period. Private Wealth Partners LLC’s holdings in First Solar were worth $643,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Whalen Wealth Management Inc. increased its stake in shares of First Solar by 47.0% in the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after acquiring an additional 1,554 shares during the last quarter. Stifel Financial Corp increased its stake in First Solar by 36.9% in the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after purchasing an additional 5,780 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock worth $104,910,000 after purchasing an additional 49,074 shares during the period. Paragon Capital Management Inc. bought a new position in shares of First Solar during the fourth quarter worth $1,240,000. Finally, Golden State Equity Partners grew its holdings in shares of First Solar by 41,342.9% in the 4th quarter. Golden State Equity Partners now owns 2,901 shares of the solar cell manufacturer’s stock valued at $511,000 after buying an additional 2,894 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSLR. Royal Bank of Canada reduced their target price on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley cut their price objective on First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Barclays decreased their price objective on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Guggenheim restated a “buy” rating and set a $335.00 target price on shares of First Solar in a report on Wednesday, January 22nd. Finally, Evercore ISI reduced their price target on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $276.38.

First Solar Stock Down 0.2 %

Shares of FSLR stock opened at $162.50 on Thursday. First Solar, Inc. has a 52-week low of $141.70 and a 52-week high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.18 and a beta of 1.47. The firm’s 50-day moving average is $177.64 and its 200-day moving average is $201.00.

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.