Fulcrum Capital LLC Increases Position in First Solar, Inc. (NASDAQ:FSLR)

Fulcrum Capital LLC lifted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,879 shares of the solar cell manufacturer’s stock after purchasing an additional 380 shares during the quarter. First Solar comprises about 1.3% of Fulcrum Capital LLC’s holdings, making the stock its 27th biggest position. Fulcrum Capital LLC’s holdings in First Solar were worth $6,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FSLR. AlphaMark Advisors LLC purchased a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of First Solar in the 3rd quarter valued at about $25,000. Kennebec Savings Bank purchased a new position in shares of First Solar in the 3rd quarter valued at about $29,000. Itau Unibanco Holding S.A. purchased a new stake in First Solar during the 2nd quarter worth approximately $38,000. Finally, Larson Financial Group LLC increased its stake in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Down 3.1 %

NASDAQ:FSLR traded down $5.87 during trading hours on Monday, reaching $183.37. 1,010,965 shares of the stock were exchanged, compared to its average volume of 1,649,860. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $191.64 and a two-hundred day moving average of $211.08. First Solar, Inc. has a twelve month low of $135.88 and a twelve month high of $306.77. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.35 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm had revenue of $887.70 million for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $2.50 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts predict that First Solar, Inc. will post 13.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FSLR shares. Mizuho cut their price objective on First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Guggenheim cut their price objective on First Solar from $368.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Janney Montgomery Scott upgraded First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, October 29th. Morgan Stanley cut their price objective on First Solar from $329.00 to $297.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Piper Sandler boosted their price objective on First Solar from $210.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average price target of $277.75.

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.