Burford Brothers Inc. Sells 148 Shares of First Solar, Inc. (NASDAQ:FSLR)

Burford Brothers Inc. reduced its holdings in First Solar, Inc. (NASDAQ:FSLR) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,605 shares of the solar cell manufacturer’s stock after selling 148 shares during the period. First Solar makes up about 1.6% of Burford Brothers Inc.’s investment portfolio, making the stock its 13th biggest position. Burford Brothers Inc.’s holdings in First Solar were worth $3,279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FSLR. AlphaMark Advisors LLC bought a new position in First Solar during the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC bought a new position in shares of First Solar during the third quarter worth $25,000. Kennebec Savings Bank acquired a new position in shares of First Solar in the 3rd quarter valued at $29,000. Larson Financial Group LLC increased its position 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 valued at $39,000 after buying an additional 107 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in First Solar during the 4th quarter worth $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group cut their price target on shares of First Solar from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Robert W. Baird lowered their price objective on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $276.29.

First Solar Price Performance

NASDAQ:FSLR opened at $167.52 on Monday. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.19 and a beta of 1.49. The stock’s 50 day moving average price is $186.89 and its two-hundred day moving average price is $205.91. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

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.