JNBA Financial Advisors Purchases 175 Shares of First Solar, Inc. (NASDAQ:FSLR)

JNBA Financial Advisors boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,086 shares of the solar cell manufacturer’s stock after acquiring an additional 175 shares during the quarter. JNBA Financial Advisors’ holdings in First Solar were worth $770,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FSLR. AlphaMark Advisors LLC acquired a new position in First Solar in the 3rd quarter valued at $25,000. Atlas Capital Advisors LLC raised its position in First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock valued at $31,000 after purchasing an additional 111 shares during the period. Summit Securities Group LLC acquired a new position in shares of First Solar in the 2nd quarter valued at $36,000. Itau Unibanco Holding S.A. purchased a new stake in First Solar in the 2nd quarter valued at about $38,000. Finally, Alta Advisers Ltd purchased a new stake in shares of First Solar in the 2nd quarter valued at approximately $45,000. 92.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Solar

In other First Solar news, CAO Byron Michael Jeffers sold 500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other First Solar news, CAO Byron Michael Jeffers sold 500 shares of First Solar stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total value of $1,913,418.00. Following the transaction, the insider now directly owns 3,468 shares in the company, valued at $769,896. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

First Solar Stock Down 12.8 %

FSLR traded down $27.70 during trading on Wednesday, reaching $188.19. 8,278,709 shares of the stock traded hands, compared to its average volume of 2,470,715. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.36 and a beta of 1.48. 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 fifty-two week low of $129.21 and a fifty-two week high of $306.77. The stock’s 50-day simple moving average is $220.87 and its two-hundred day simple moving average is $225.16.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $2.50 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts expect that First Solar, Inc. will post 13.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America dropped their target price on First Solar from $321.00 to $269.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lowered 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. Seaport Res Ptn upgraded First Solar to a “hold” rating in a research note on Tuesday. William Blair initiated coverage on shares of First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on First Solar from $262.00 to $282.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $281.13.

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.