First Solar, Inc. $FSLR Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 12.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,568 shares of the solar cell manufacturer’s stock after acquiring an additional 2,290 shares during the period. Prime Capital Investment Advisors LLC’s holdings in First Solar were worth $4,536,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its stake in First Solar by 2.6% in the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock valued at $414,000 after buying an additional 47 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its position in shares of First Solar by 0.6% in the third quarter. Figure 8 Investment Strategies LLC now owns 8,116 shares of the solar cell manufacturer’s stock valued at $1,790,000 after acquiring an additional 48 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of First Solar by 22.9% in the third quarter. Hemington Wealth Management now owns 306 shares of the solar cell manufacturer’s stock worth $67,000 after acquiring an additional 57 shares during the last quarter. Ethic Inc. increased its position in shares of First Solar by 0.3% during the third quarter. Ethic Inc. now owns 20,443 shares of the solar cell manufacturer’s stock worth $4,508,000 after purchasing an additional 59 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in First Solar by 13.4% in the 2nd quarter. Penserra Capital Management LLC now owns 560 shares of the solar cell manufacturer’s stock valued at $92,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

NASDAQ:FSLR opened at $218.73 on Friday. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The stock’s fifty day moving average is $252.20 and its two-hundred day moving average is $231.51. The company has a market capitalization of $23.47 billion, a P/E ratio of 16.80, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of First Solar from $244.00 to $258.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. KeyCorp restated an “overweight” rating on shares of First Solar in a research report on Friday, October 31st. BMO Capital Markets set a $263.00 price objective on shares of First Solar in a research note on Thursday, January 29th. Morgan Stanley set a $275.00 target price on shares of First Solar in a research note on Friday, October 31st. Finally, Daiwa Securities Group boosted their target price on First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.94.

About First Solar

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.