Fullcircle Wealth LLC Purchases Shares of 1,400 First Solar, Inc. (NASDAQ:FSLR)

Fullcircle Wealth LLC purchased a new stake in First Solar, Inc. (NASDAQ:FSLR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,400 shares of the solar cell manufacturer’s stock, valued at approximately $349,000.

Several other hedge funds also recently added to or reduced their stakes in FSLR. AlphaMark Advisors LLC purchased a new position in shares of First Solar during the third quarter worth approximately $25,000. Atlas Capital Advisors LLC lifted its holdings in shares of First Solar by 411.1% during the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after purchasing an additional 111 shares during the period. Summit Securities Group LLC acquired a new stake in shares of First Solar during the second quarter worth $36,000. Itau Unibanco Holding S.A. acquired a new stake in shares of First Solar during the second quarter worth $38,000. Finally, Alta Advisers Ltd acquired a new stake in shares of First Solar during the second quarter worth $45,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Stock Up 5.4 %

First Solar stock traded up $10.46 during midday trading on Friday, hitting $204.94. 2,838,776 shares of the company were exchanged, compared to its average volume of 2,427,396. The company’s fifty day moving average price is $221.68 and its 200-day moving average price is $223.93. The company has a market cap of $21.94 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.65. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $306.77.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts predict that First Solar, Inc. will post 13.18 EPS for the current fiscal year.

Insider Activity

In other news, CAO Byron Michael Jeffers sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Byron Michael Jeffers sold 500 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $220.00, for a total transaction of $110,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total value of $1,913,418.00. Following the transaction, the insider now owns 3,468 shares of the company’s stock, valued at approximately $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,885 shares of company stock worth $2,405,757. 0.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on FSLR. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 target price (down previously from $286.00) on shares of First Solar in a report on Wednesday. Piper Sandler dropped their price target on First Solar from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America dropped their price target on First Solar from $321.00 to $269.00 and set a “buy” rating for the company in a research report on Wednesday. Evercore ISI dropped their price target on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, UBS Group lifted their price objective on First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, First Solar has an average rating of “Moderate Buy” and an average price target of $281.13.

First Solar Company Profile

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.