Gilman Hill Asset Management LLC Has $455,000 Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Gilman Hill Asset Management LLC raised its stake in First Solar, Inc. (NASDAQ:FSLR) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the solar cell manufacturer’s stock after acquiring an additional 50 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in First Solar were worth $455,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Electron Capital Partners LLC boosted its position in shares of First Solar by 81,947.0% in the second quarter. Electron Capital Partners LLC now owns 7,669,757 shares of the solar cell manufacturer’s stock valued at $1,729,223,000 after acquiring an additional 7,660,409 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in First Solar by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the solar cell manufacturer’s stock valued at $472,963,000 after purchasing an additional 279,719 shares during the period. Anomaly Capital Management LP acquired a new position in shares of First Solar during the 2nd quarter worth approximately $53,752,000. Canada Pension Plan Investment Board increased its holdings in shares of First Solar by 2,429.1% during the second quarter. Canada Pension Plan Investment Board now owns 174,530 shares of the solar cell manufacturer’s stock worth $39,350,000 after purchasing an additional 167,629 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of First Solar in the second quarter valued at approximately $30,962,000. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSLR has been the topic of a number of recent research reports. Piper Sandler raised their price objective on First Solar from $219.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. William Blair initiated coverage on First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of First Solar from $262.00 to $282.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Susquehanna raised their target price on shares of First Solar from $258.00 to $285.00 and gave the company a “positive” rating in a report on Wednesday, July 3rd. Finally, Bank of America cut their price target on shares of First Solar from $343.00 to $321.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and an average target price of $285.44.

First Solar Price Performance

FSLR stock opened at $211.49 on Monday. The company has a market capitalization of $22.64 billion, a P/E ratio of 22.17, a PEG ratio of 0.38 and a beta of 1.44. The company has a fifty day moving average price of $227.56 and a 200-day moving average price of $221.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23. First Solar, Inc. has a 52-week low of $129.21 and a 52-week high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.56. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. During the same period in the prior year, the business posted $1.85 earnings per share. First Solar’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities analysts expect that First Solar, Inc. will post 13.53 EPS for the current year.

Insider Buying and Selling

In other First Solar news, insider Patrick James Buehler sold 8,619 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the sale, the insider now owns 3,468 shares of the company’s stock, valued at approximately $769,896. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Byron Michael Jeffers sold 500 shares of the company’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 of the company’s stock, valued at approximately $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,885 shares of company stock valued at $2,405,757 over the last ninety days. 0.58% of the stock is owned by company insiders.

First Solar Company 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.