E. Ohman J or Asset Management AB Grows Position in First Solar, Inc. (NASDAQ:FSLR)

E. Ohman J or Asset Management AB raised its position in First Solar, Inc. (NASDAQ:FSLR) by 124.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,216 shares of the solar cell manufacturer’s stock after acquiring an additional 87,316 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.15% of First Solar worth $27,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new position in First Solar in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of First Solar in the third quarter valued at approximately $25,000. Kennebec Savings Bank purchased a new stake in First Solar in the 3rd quarter valued at $29,000. Larson Financial Group LLC raised its holdings in shares of First Solar by 214.0% in the third 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 during the last quarter. Finally, Crews Bank & Trust purchased a new stake in First Solar during the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

FSLR has been the topic of several research analyst reports. Susquehanna decreased their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Jefferies Financial Group dropped their price target on First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Janney Montgomery Scott raised shares of 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. Finally, Bank of America decreased their target price on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, First Solar has a consensus rating of “Moderate Buy” and an average price target of $276.29.

First Solar Stock Down 0.2 %

NASDAQ:FSLR opened at $167.19 on Tuesday. The company has a market cap of $17.90 billion, a PE ratio of 14.40, a PEG ratio of 0.19 and a beta of 1.47. The stock has a 50-day simple moving average of $186.38 and a 200 day simple moving average of $205.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77.

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.