Lecap Asset Management Ltd. Sells 1,368 Shares of First Solar, Inc. (NASDAQ:FSLR)

Lecap Asset Management Ltd. trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,896 shares of the solar cell manufacturer’s stock after selling 1,368 shares during the quarter. Lecap Asset Management Ltd.’s holdings in First Solar were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaMark Advisors LLC bought a new position in First Solar in the third quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of First Solar during the 3rd quarter valued at about $25,000. Kennebec Savings Bank purchased a new position in shares of First Solar in the third quarter worth approximately $29,000. Larson Financial Group LLC grew its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares during the period. Finally, Crews Bank & Trust purchased a new stake in First Solar during the fourth quarter valued at approximately $53,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

First Solar Trading Up 0.4 %

Shares of FSLR opened at $168.34 on Friday. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company’s fifty day moving average is $184.14 and its 200 day moving average is $204.31. The stock has a market capitalization of $18.02 billion, a PE ratio of 14.50, a P/E/G ratio of 0.19 and a beta of 1.47.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Citigroup raised First Solar from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Piper Sandler raised 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. Royal Bank of Canada cut their price objective on First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Finally, Robert W. Baird decreased their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $276.29.

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.