NEOS Investment Management LLC Takes $262,000 Position in First Solar, Inc. (NASDAQ:FSLR)

NEOS Investment Management LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,518 shares of the solar cell manufacturer’s stock, valued at approximately $262,000.

Other large investors have also recently bought and sold shares of the company. AtonRa Partners grew its holdings in shares of First Solar by 2.2% in the 4th quarter. AtonRa Partners now owns 3,600 shares of the solar cell manufacturer’s stock worth $620,000 after purchasing an additional 79 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of First Solar by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 18,634 shares of the solar cell manufacturer’s stock valued at $3,011,000 after acquiring an additional 85 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in First Solar by 14.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 691 shares of the solar cell manufacturer’s stock worth $119,000 after acquiring an additional 86 shares during the last quarter. Blue Trust Inc. increased its holdings in First Solar by 24.3% during the 4th quarter. Blue Trust Inc. now owns 445 shares of the solar cell manufacturer’s stock valued at $71,000 after purchasing an additional 87 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its stake in First Solar by 7.5% in the fourth quarter. ABLE Financial Group LLC now owns 1,440 shares of the solar cell manufacturer’s stock worth $248,000 after purchasing an additional 100 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

First Solar Stock Performance

Shares of FSLR stock opened at $273.45 on Friday. The company has a market capitalization of $29.27 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 0.36 and a beta of 1.48. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $286.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.41. The company’s 50 day moving average price is $203.76 and its two-hundred day moving average price is $172.52.

First Solar (NASDAQ:FSLRGet Free Report) last announced its earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.30. The firm had revenue of $794.10 million during the quarter, compared to analyst estimates of $718.19 million. First Solar had a net margin of 28.75% and a return on equity of 16.24%. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. On average, analysts expect that First Solar, Inc. will post 13.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSLR shares. Bank of America lifted their price target on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Janney Montgomery Scott assumed coverage on shares of First Solar in a report on Friday, April 12th. They issued a “buy” rating and a $236.00 price target for the company. Mizuho reaffirmed a “neutral” rating and set a $274.00 price objective (up previously from $209.00) on shares of First Solar in a report on Thursday, May 30th. Guggenheim decreased their price objective on First Solar from $359.00 to $356.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Roth Mkm restated a “buy” rating and set a $320.00 target price (up previously from $230.00) on shares of First Solar in a research report on Friday, May 31st. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and a consensus target price of $255.84.

Read Our Latest Stock Analysis on First Solar

Insider Buying and Selling at First Solar

In related news, Director Michael T. Sweeney sold 4,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $273.50, for a total transaction of $1,094,000.00. Following the completion of the transaction, the director now owns 16,692 shares in the company, valued at $4,565,262. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kuntal Kumar Verma sold 250 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $148.34, for a total value of $37,085.00. Following the completion of the sale, the insider now owns 5,170 shares of the company’s stock, valued at approximately $766,917.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael T. Sweeney sold 4,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $273.50, for a total transaction of $1,094,000.00. Following the transaction, the director now owns 16,692 shares in the company, valued at $4,565,262. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,519 shares of company stock worth $13,324,756. Corporate insiders own 0.58% of the company’s stock.

First Solar Profile

(Free Report)

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.

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

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