TCW Group Inc. Buys 17,116 Shares of First Solar, Inc. (NASDAQ:FSLR)

TCW Group Inc. lifted its stake in First Solar, Inc. (NASDAQ:FSLR) by 104.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,490 shares of the solar cell manufacturer’s stock after purchasing an additional 17,116 shares during the quarter. TCW Group Inc.’s holdings in First Solar were worth $5,902,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FSLR. Strengthening Families & Communities LLC purchased a new position in First Solar during the third quarter worth $25,000. Kennebec Savings Bank purchased a new stake in shares of First Solar in the third quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of First Solar during the 4th quarter worth about $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in First Solar during the 4th quarter valued at about $53,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

FSLR stock opened at $155.39 on Monday. First Solar, Inc. has a one year low of $141.70 and a one year high of $306.77. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.19 and a beta of 1.47. 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 firm has a 50-day simple moving average of $176.11 and a two-hundred day simple moving average of $200.26.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FSLR. Guggenheim reissued a “buy” rating and issued a $335.00 price objective on shares of First Solar in a research note on Wednesday, January 22nd. Barclays dropped their price objective on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective on the stock in a research report on Tuesday, October 29th. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. 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 equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target 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.