Mirae Asset Global Investments Co. Ltd. Has $6.03 Million Holdings in First Solar, Inc. (NASDAQ:FSLR)

Mirae Asset Global Investments Co. Ltd. reduced its position in First Solar, Inc. (NASDAQ:FSLR) by 40.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,629 shares of the solar cell manufacturer’s stock after selling 22,681 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in First Solar were worth $6,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gilman Hill Asset Management LLC increased its position in shares of First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock valued at $455,000 after purchasing an additional 50 shares during the last quarter. Field & Main Bank raised its position in First Solar by 4.1% in the third quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after acquiring an additional 55 shares during the period. Covestor Ltd boosted its stake in First Solar by 6.4% in the third quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock valued at $229,000 after acquiring an additional 55 shares during the last quarter. Clear Harbor Asset Management LLC increased 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 worth $1,623,000 after purchasing an additional 55 shares during the last quarter. Finally, Demars Financial Group LLC lifted its stake in First Solar by 1.4% in the third quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock valued at $1,030,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FSLR. Piper Sandler increased their price target on First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Guggenheim reissued a “buy” rating and set a $335.00 target price on shares of First Solar in a report on Wednesday, January 22nd. Royal Bank of Canada decreased their price objective on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Barclays cut their price target on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and an average price target of $276.29.

First Solar Stock Up 0.4 %

NASDAQ:FSLR opened at $168.34 on Friday. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a market capitalization of $18.02 billion, a PE ratio of 14.50, a P/E/G ratio of 0.19 and a beta of 1.47. The firm’s 50-day moving average price is $184.14 and its 200-day moving average price is $204.31. 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 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.