First Solar, Inc. (NASDAQ:FSLR) is Credit Capital Investments LLC’s 10th Largest Position

Credit Capital Investments LLC lessened its stake in First Solar, Inc. (NASDAQ:FSLR) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,500 shares of the solar cell manufacturer’s stock after selling 4,200 shares during the period. First Solar makes up approximately 4.7% of Credit Capital Investments LLC’s holdings, making the stock its 10th largest position. Credit Capital Investments LLC’s holdings in First Solar were worth $3,613,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clear Harbor Asset Management LLC lifted 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 valued at $1,623,000 after buying an additional 55 shares in the last quarter. Doliver Advisors LP lifted 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 valued at $831,000 after buying an additional 56 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after buying an additional 63 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of First Solar by 3.1% during the 4th quarter. Independent Advisor Alliance now owns 2,090 shares of the solar cell manufacturer’s stock valued at $368,000 after buying an additional 63 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of First Solar by 5.3% during the 4th quarter. Mutual Advisors LLC now owns 1,463 shares of the solar cell manufacturer’s stock valued at $279,000 after buying an additional 73 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

FSLR has been the topic of a number of analyst reports. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Robert W. Baird decreased their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Piper Sandler decreased their price target on shares of First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Barclays decreased their price target on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, Citigroup decreased their price target on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and a consensus target price of $262.08.

Insider Activity at First Solar

In other First Solar news, CEO Mark R. Widmar sold 1,966 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $262,952.50. Following the completion of the transaction, the chief executive officer now owns 111,890 shares of the company’s stock, valued at approximately $14,965,287.50. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kuntal Kumar Verma sold 7,475 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the completion of the transaction, the insider now directly owns 3,549 shares of the company’s stock, valued at approximately $484,793.40. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,311 shares of company stock valued at $4,767,158 over the last 90 days. Insiders own 0.58% of the company’s stock.

First Solar Price Performance

Shares of FSLR stock opened at $127.34 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company’s 50-day simple moving average is $159.91 and its two-hundred day simple moving average is $189.73. First Solar, Inc. has a one year low of $124.96 and a one year high of $306.77. The company has a market capitalization of $13.63 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. As a group, equities analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

First Solar 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.