1,393 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,393 shares of the solar cell manufacturer’s stock, valued at approximately $240,000.

A number of other institutional investors have also made changes to their positions in FSLR. Norges Bank acquired a new stake in shares of First Solar during the fourth quarter valued at about $213,049,000. Clean Energy Transition LLP grew its holdings in shares of First Solar by 948.8% in the third quarter. Clean Energy Transition LLP now owns 1,186,646 shares of the solar cell manufacturer’s stock valued at $191,750,000 after purchasing an additional 1,073,500 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of First Solar by 197.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,336,038 shares of the solar cell manufacturer’s stock valued at $111,880,000 after purchasing an additional 887,443 shares in the last quarter. Samlyn Capital LLC acquired a new position in shares of First Solar in the first quarter valued at approximately $121,554,000. Finally, Bank of America Corp DE grew its holdings in shares of First Solar by 889.2% in the first quarter. Bank of America Corp DE now owns 453,658 shares of the solar cell manufacturer’s stock valued at $98,671,000 after purchasing an additional 511,143 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

First Solar Stock Up 0.4 %

FSLR stock opened at $175.04 on Friday. The company has a fifty day moving average price of $161.34 and a 200 day moving average price of $156.18. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $232.00. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 0.31 and a beta of 1.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.55 and a quick ratio of 2.92.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating the consensus estimate of $3.19 by $0.06. First Solar had a net margin of 25.03% and a return on equity of 13.80%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. First Solar’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts expect that First Solar, Inc. will post 13.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FSLR shares. Roth Mkm restated a “buy” rating and issued a $230.00 price objective on shares of First Solar in a report on Thursday. Susquehanna reiterated a “positive” rating and issued a $258.00 price target on shares of First Solar in a research note on Friday, April 5th. Mizuho lifted their price target on shares of First Solar from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer reiterated an “outperform” rating and issued a $269.00 price target on shares of First Solar in a research note on Wednesday. Finally, Janney Montgomery Scott initiated coverage on shares of First Solar in a research note on Friday, April 12th. They issued a “buy” rating and a $236.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, First Solar currently has an average rating of “Moderate Buy” and a consensus target price of $229.68.

Insider Buying and Selling at First Solar

In other First Solar news, CTO Markus Gloeckler sold 679 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $160.00, for a total value of $108,640.00. Following the transaction, the chief technology officer now directly owns 14,473 shares of the company’s stock, valued at approximately $2,315,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other First Solar news, Director R Craig Kennedy sold 1,500 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $157.76, for a total value of $236,640.00. Following the transaction, the director now directly owns 15,641 shares of the company’s stock, valued at approximately $2,467,524.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Markus Gloeckler sold 679 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $160.00, for a total transaction of $108,640.00. Following the completion of the transaction, the chief technology officer now directly owns 14,473 shares in the company, valued at $2,315,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,620 shares of company stock valued at $4,269,540. 0.58% of the stock is owned by company insiders.

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.