9,585 Shares in First Solar, Inc. $FSLR Purchased by Harmony Asset Management LLC

Harmony Asset Management LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,585 shares of the solar cell manufacturer’s stock, valued at approximately $2,114,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FSLR. Norges Bank purchased a new stake in First Solar in the second quarter valued at approximately $212,621,000. Viking Global Investors LP boosted its holdings in shares of First Solar by 60.6% in the 2nd quarter. Viking Global Investors LP now owns 2,266,050 shares of the solar cell manufacturer’s stock valued at $375,122,000 after purchasing an additional 854,919 shares during the last quarter. Atreides Management LP purchased a new stake in shares of First Solar during the 2nd quarter valued at $65,134,000. Ariel Investments LLC acquired a new stake in shares of First Solar during the 2nd quarter worth $50,869,000. Finally, Peconic Partners LLC acquired a new stake in shares of First Solar during the 2nd quarter worth $49,662,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paul H. Stebbins sold 7,000 shares of First Solar stock in a transaction on Friday, November 7th. The shares were sold at an average price of $262.40, for a total transaction of $1,836,800.00. Following the sale, the director owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on First Solar from $198.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Evercore ISI lifted their price objective on First Solar from $240.90 to $241.00 in a research note on Friday, October 31st. Raymond James Financial started coverage on shares of First Solar in a research report on Monday, January 12th. They set a “market perform” rating for the company. Guggenheim raised their price target on shares of First Solar from $289.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of First Solar in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.94.

First Solar Stock Down 0.4%

Shares of NASDAQ:FSLR opened at $238.06 on Thursday. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.60. The company has a 50 day moving average of $254.04 and a two-hundred day moving average of $231.21. First Solar, Inc. has a 52-week low of $116.56 and a 52-week high of $285.99. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.