2,485 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Schnieders Capital Management LLC

Schnieders Capital Management LLC purchased a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,485 shares of the solar cell manufacturer’s stock, valued at approximately $438,000.

Other hedge funds also recently bought and sold shares of the company. Strengthening Families & Communities LLC purchased a new stake in shares of First Solar in the third quarter valued at $25,000. Kennebec Savings Bank purchased a new position in First Solar in the 3rd quarter worth about $29,000. Larson Financial Group LLC grew its holdings in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. Crews Bank & Trust bought a new position in First Solar during the 4th quarter worth about $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in First Solar during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 6.4 %

Shares of FSLR opened at $156.84 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12-month low of $144.28 and a 12-month high of $306.77. The firm has a 50-day moving average price of $174.00 and a 200 day moving average price of $199.08. The firm has a market capitalization of $16.79 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.19 and a beta of 1.47.

First Solar (NASDAQ:FSLR) last announced 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 firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Sell-side analysts forecast that First Solar, Inc. will post 13.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FSLR shares. Piper Sandler cut their price objective on shares of First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Morgan Stanley decreased their price objective on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Susquehanna decreased their price objective 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. Finally, StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Three equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $268.00.

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.