First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 34.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,275 shares of the solar cell manufacturer’s stock after acquiring an additional 585 shares during the period. Mirador Capital Partners LP’s holdings in First Solar were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. AlphaMark Advisors LLC acquired a new position in First Solar during the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in shares of First Solar in the third quarter valued at approximately $25,000. Kennebec Savings Bank bought a new stake in First Solar during the third quarter worth approximately $29,000. Itau Unibanco Holding S.A. acquired a new stake in First Solar in the second quarter worth approximately $38,000. Finally, Larson Financial Group LLC boosted 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 valued at $39,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $190.89 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.21 and a beta of 1.49. The business’s 50-day moving average is $190.31 and its 200-day moving average is $210.17. First Solar, Inc. has a fifty-two week low of $135.88 and a fifty-two week high of $306.77.

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 the consensus estimate of $3.10 by ($0.19). The company had revenue of $887.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 EPS. Equities research analysts expect that First Solar, Inc. will post 13.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird dropped their price objective on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Mizuho dropped their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Seaport Res Ptn upgraded shares of First Solar to a “hold” rating in a research report on Tuesday, November 5th. Susquehanna dropped their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a report on Wednesday, October 30th. Finally, Guggenheim cut their target price on shares of First Solar from $368.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.