Trium Capital LLP Raises Holdings in First Solar, Inc. (NASDAQ:FSLR)

Trium Capital LLP increased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 22.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,498 shares of the solar cell manufacturer’s stock after purchasing an additional 1,371 shares during the period. First Solar makes up about 0.2% of Trium Capital LLP’s portfolio, making the stock its 18th biggest position. Trium Capital LLP’s holdings in First Solar were worth $1,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Electron Capital Partners LLC raised its stake in 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 worth $1,729,223,000 after buying an additional 7,660,409 shares in the last quarter. State Street Corp increased its holdings in shares of First Solar by 2.2% in the 3rd quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer’s stock valued at $1,236,383,000 after acquiring an additional 108,984 shares during the period. Geode Capital Management LLC raised its position in shares of First Solar by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer’s stock worth $647,440,000 after acquiring an additional 24,143 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after purchasing an additional 904,498 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in First Solar by 0.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer’s stock valued at $434,977,000 after purchasing an additional 15,890 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

First Solar Trading Up 1.0 %

Shares of NASDAQ:FSLR opened at $192.88 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The business has a 50 day moving average of $190.18 and a two-hundred day moving average of $209.83. The company has a market capitalization of $20.65 billion, a PE ratio of 16.61, a PEG ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (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 analysts’ expectations of $1.07 billion. During the same period last year, the company posted $2.50 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, analysts forecast that First Solar, Inc. will post 13.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on FSLR shares. StockNews.com upgraded shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Royal Bank of Canada reduced their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Hsbc Global Res upgraded shares of First Solar to a “strong-buy” rating in a research note on Wednesday, October 9th. Robert W. Baird reduced their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group decreased their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.

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.