First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Quaero Capital S.A.

Quaero Capital S.A. reduced its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 38.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,521 shares of the solar cell manufacturer’s stock after selling 5,393 shares during the quarter. First Solar accounts for approximately 1.9% of Quaero Capital S.A.’s portfolio, making the stock its 20th largest holding. Quaero Capital S.A.’s holdings in First Solar were worth $1,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in First Solar by 75.8% during the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after purchasing an additional 904,498 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of First Solar by 1,757.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock valued at $136,242,000 after buying an additional 516,783 shares in the last quarter. Merewether Investment Management LP raised its stake in shares of First Solar by 993.4% during the 3rd quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock worth $80,553,000 after buying an additional 293,400 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of First Solar in the 3rd quarter worth about $67,652,000. Finally, International Assets Investment Management LLC grew its stake in First Solar by 24,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer’s stock valued at $542,560,000 after acquiring an additional 216,640 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FSLR. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI dropped their price target on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird decreased their price objective on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Susquehanna cut their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, First Solar has a consensus rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Down 0.4 %

FSLR opened at $159.76 on Friday. First Solar, Inc. has a 1 year low of $141.70 and a 1 year high of $306.77. The firm has a 50 day moving average price of $180.02 and a 200 day moving average price of $202.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market cap of $17.10 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47.

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.