Atria Wealth Solutions Inc. Raises Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Atria Wealth Solutions Inc. grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,222 shares of the solar cell manufacturer’s stock after buying an additional 956 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Solar were worth $1,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Covestor Ltd boosted its stake in shares of First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after purchasing an additional 55 shares during the period. Field & Main Bank boosted its stake in shares of First Solar by 4.1% during the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after purchasing an additional 55 shares during the period. Clear Harbor Asset Management LLC boosted its stake in shares of First Solar by 0.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after purchasing an additional 55 shares during the period. Demars Financial Group LLC boosted its stake in shares of First Solar by 1.4% during the 3rd quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock worth $1,030,000 after purchasing an additional 56 shares during the period. Finally, Doliver Advisors LP boosted its stake in shares of First Solar by 1.2% during the 4th quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock worth $831,000 after purchasing an additional 56 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Trading Down 5.3 %

NASDAQ FSLR opened at $155.39 on Friday. 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 $16.64 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The company has a 50 day moving average price of $176.11 and a 200 day moving average price of $200.32. First Solar, Inc. has a 52 week low of $141.70 and a 52 week high of $306.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FSLR shares. Bank of America dropped their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. The Goldman Sachs Group dropped their price target on shares of First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley decreased their price objective 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. Finally, Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Two 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $276.38.

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.