Hudson Edge Investment Partners Inc. Makes New $53,000 Investment in First Solar, Inc. (NASDAQ:FSLR)

Hudson Edge Investment Partners Inc. purchased a new position in First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 300 shares of the solar cell manufacturer’s stock, valued at approximately $53,000.

Several other hedge funds have also added to or reduced their stakes in the business. Strengthening Families & Communities LLC bought a new position in shares of First Solar during the third quarter valued at about $25,000. Kennebec Savings Bank purchased a new stake in First Solar in the third quarter worth about $29,000. Larson Financial Group LLC grew its holdings in shares of 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 last quarter. Crews Bank & Trust purchased a new stake in shares of First Solar during the fourth quarter valued at approximately $53,000. Finally, Financial Avengers Inc. purchased a new stake in shares of First Solar during the third quarter valued at approximately $77,000. 92.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FSLR shares. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada decreased their price target on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler raised their price objective on shares of First Solar from $210.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company cut 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. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $276.38.

First Solar Price Performance

First Solar stock opened at $155.39 on Friday. The firm has a 50-day moving average price of $176.11 and a 200-day moving average price of $200.32. The firm has a market capitalization of $16.64 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. 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 $141.70 and a 12-month high of $306.77.

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.