First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Stiles Financial Services Inc

Stiles Financial Services Inc grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,745 shares of the solar cell manufacturer’s stock after purchasing an additional 120 shares during the quarter. Stiles Financial Services Inc’s holdings in First Solar were worth $435,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AlphaMark Advisors LLC acquired a new position in shares of First Solar in the third quarter worth $25,000. Atlas Capital Advisors LLC grew its stake in First Solar by 411.1% during the 2nd 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 in the last quarter. Summit Securities Group LLC purchased a new stake in First Solar during the 2nd quarter worth about $36,000. Itau Unibanco Holding S.A. acquired a new stake in First Solar in the 2nd quarter valued at about $38,000. Finally, Alta Advisers Ltd purchased a new position in shares of First Solar in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FSLR. Truist Financial started coverage on shares of First Solar in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price on the stock. Janney Montgomery Scott raised shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group dropped their target price on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada decreased their price target on First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, Hsbc Global Res raised First Solar to a “strong-buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, First Solar presently has an average rating of “Moderate Buy” and an average target price of $281.13.

First Solar Stock Down 1.1 %

First Solar stock opened at $194.50 on Friday. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.37 and a beta of 1.48. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $219.65 and a two-hundred day moving average of $224.75. First Solar, Inc. has a twelve month low of $129.21 and a twelve month high of $306.77.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). The company had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. First Solar’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. As a group, research analysts expect that First Solar, Inc. will post 13.12 earnings per share for the current year.

Insider Transactions at First Solar

In related news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were 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 is accessible through this hyperlink. In related news, insider Patrick James Buehler sold 8,619 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the sale, the insider now owns 3,468 shares in the company, valued at $769,896. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Byron Michael Jeffers sold 500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $220.00, for a total transaction of $110,000.00. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

First Solar 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.