Cwm LLC Raises Holdings in First Solar, Inc. (NASDAQ:FSLR)

Cwm LLC increased its position in shares of First Solar, Inc. (NASDAQ:FSLRGet Rating) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,537 shares of the solar cell manufacturer’s stock after purchasing an additional 142 shares during the quarter. Cwm LLC’s holdings in First Solar were worth $336,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FSLR. SeaCrest Wealth Management LLC purchased a new stake in shares of First Solar during the second quarter worth approximately $32,000. Covestor Ltd increased its position in shares of First Solar by 97.7% during the first quarter. Covestor Ltd now owns 421 shares of the solar cell manufacturer’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Allworth Financial LP increased its position in shares of First Solar by 256.6% during the third quarter. Allworth Financial LP now owns 271 shares of the solar cell manufacturer’s stock worth $36,000 after purchasing an additional 195 shares in the last quarter. BerganKDV Wealth Management LLC purchased a new stake in shares of First Solar during the third quarter worth approximately $36,000. Finally, Fifth Third Bancorp increased its position in shares of First Solar by 15.8% during the third quarter. Fifth Third Bancorp now owns 601 shares of the solar cell manufacturer’s stock worth $79,000 after purchasing an additional 82 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Price Performance

FSLR opened at $180.19 on Friday. The stock’s 50-day moving average price is $158.98 and its 200 day moving average price is $128.63. First Solar, Inc. has a 12-month low of $59.60 and a 12-month high of $182.58. The company has a current ratio of 4.09, a quick ratio of 3.10 and a debt-to-equity ratio of 0.04. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 204.76, a PEG ratio of 0.59 and a beta of 1.30.

First Solar (NASDAQ:FSLRGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The solar cell manufacturer reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.23). First Solar had a return on equity of 1.61% and a net margin of 3.75%. The company had revenue of $629.00 million for the quarter, compared to analysts’ expectations of $747.97 million. During the same quarter last year, the company earned $0.42 EPS. First Solar’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that First Solar, Inc. will post -0.53 earnings per share for the current year.

Insiders Place Their Bets

In other First Solar news, Director R Craig Kennedy sold 600 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $125.68, for a total transaction of $75,408.00. Following the sale, the director now owns 18,888 shares in the company, valued at approximately $2,373,843.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley upped their target price on First Solar from $146.00 to $194.00 and gave the company an “equal weight” rating in a report on Tuesday. Daiwa Capital Markets assumed coverage on First Solar in a report on Friday, December 23rd. They issued an “outperform” rating and a $175.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on First Solar in a report on Monday, November 14th. They issued a “buy” rating and a $180.00 target price for the company. UBS Group upped their target price on First Solar from $76.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 28th. Finally, Cowen upped their target price on First Solar from $167.00 to $175.00 in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

About First Solar

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First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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