First Solar, Inc. (NASDAQ:FSLR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

First Solar, Inc. (NASDAQ:FSLR) has been assigned a consensus rating of “Moderate Buy” from the thirty-two ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $275.6085.

Several research firms have recently commented on FSLR. UBS Group lifted their price target on First Solar from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Evercore raised their price objective on shares of First Solar from $240.90 to $241.00 in a research report on Friday, October 31st. KeyCorp reaffirmed an “overweight” rating on shares of First Solar in a research note on Friday, October 31st. Susquehanna boosted their target price on shares of First Solar from $285.00 to $292.00 and gave the company a “positive” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group cut shares of First Solar from a “buy” rating to a “hold” rating and dropped their price target for the company from $269.00 to $260.00 in a research note on Wednesday, January 7th.

First Solar Price Performance

NASDAQ:FSLR opened at $225.65 on Tuesday. First Solar has a one year low of $116.56 and a one year high of $285.99. The stock has a market cap of $24.21 billion, a PE ratio of 17.33, a P/E/G ratio of 0.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.91. The stock has a 50 day moving average price of $248.10 and a 200 day moving average price of $234.09.

Institutional Trading of First Solar

Hedge funds and other institutional investors have recently modified their holdings of the business. Aventura Private Wealth LLC acquired a new position in shares of First Solar in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of First Solar in the fourth quarter worth $26,000. Strategic Wealth Investment Group LLC acquired a new position in shares of First Solar in the second quarter worth $26,000. Larson Financial Group LLC increased its position in shares of First Solar by 117.0% during the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock worth $27,000 after acquiring an additional 55 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of First Solar by 69.4% in the second quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

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.