L & S Advisors Inc Purchases 854 Shares of First Solar, Inc. (NASDAQ:FSLR)

L & S Advisors Inc grew its position in First Solar, Inc. (NASDAQ:FSLR) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,397 shares of the solar cell manufacturer’s stock after purchasing an additional 854 shares during the period. L & S Advisors Inc’s holdings in First Solar were worth $3,342,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FSLR. Electron Capital Partners LLC raised its holdings in First Solar by 81,947.0% during the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock worth $1,729,223,000 after acquiring an additional 7,660,409 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in First Solar by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock worth $434,977,000 after buying an additional 15,890 shares during the last quarter. Dimensional Fund Advisors LP increased its position in First Solar by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock worth $179,478,000 after buying an additional 64,265 shares during the last quarter. Bank of New York Mellon Corp increased its position in First Solar by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 652,354 shares of the solar cell manufacturer’s stock worth $147,080,000 after buying an additional 2,378 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in First Solar by 1,757.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after buying an additional 516,783 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FSLR. Barclays lowered their price target on First Solar from $290.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. DZ Bank raised First Solar from a “hold” rating to a “buy” rating and set a $280.00 target price on the stock in a research report on Thursday, August 1st. Evercore ISI decreased their target price on First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Mizuho decreased their target price on First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Roth Mkm reduced their price target on First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and a consensus target price of $280.50.

First Solar Stock Up 0.3 %

First Solar stock opened at $185.47 on Thursday. First Solar, Inc. has a 1-year low of $135.88 and a 1-year high of $306.77. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.33 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 firm has a 50 day simple moving average of $214.57 and a 200 day simple moving average of $225.70.

First Solar (NASDAQ:FSLR) last released its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The business had revenue of $887.70 million during the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 earnings per share. On average, analysts predict that First Solar, Inc. will post 13.16 earnings per share for the current year.

About First Solar

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.