3,630 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,630 shares of the solar cell manufacturer’s stock, valued at approximately $640,000.

A number of other hedge funds have also bought and sold shares of the company. Banco Santander S.A. raised its stake in First Solar by 127.1% during the fourth quarter. Banco Santander S.A. now owns 10,853 shares of the solar cell manufacturer’s stock worth $1,913,000 after buying an additional 6,075 shares during the last quarter. Edgestream Partners L.P. bought a new position in First Solar during the fourth quarter worth $3,586,000. Prescott Group Capital Management L.L.C. raised its stake in First Solar by 508.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 30,400 shares of the solar cell manufacturer’s stock worth $5,358,000 after buying an additional 25,400 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Solar during the fourth quarter worth $3,853,000. Finally, E Fund Management Co. Ltd. raised its stake in First Solar by 42.0% during the fourth quarter. E Fund Management Co. Ltd. now owns 2,169 shares of the solar cell manufacturer’s stock worth $382,000 after buying an additional 642 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Up 6.1 %

First Solar stock opened at $139.13 on Friday. First Solar, Inc. has a fifty-two week low of $124.96 and a fifty-two week high of $306.77. The stock has a market cap of $14.90 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. The firm’s 50-day simple moving average is $167.08 and its 200 day simple moving average is $194.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($1.16). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. Research analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FSLR. Wells Fargo & Company lowered their target price on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley decreased their price target on shares of First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $280.00 price target on shares of First Solar in a research note on Wednesday, February 26th. Finally, Redburn Atlantic initiated coverage on shares of First Solar in a research note on Monday, March 3rd. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $262.08.

Insider Buying and Selling at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 7,475 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $136.60, for a total value of $1,021,085.00. Following the transaction, the insider now directly owns 3,549 shares in the company, valued at $484,793.40. The trade was a 67.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark R. Widmar sold 21,542 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the completion of the transaction, the chief executive officer now owns 103,403 shares in the company, valued at approximately $14,589,129.27. The trade was a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

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.