Summerhill Capital Management lnc. Has $7.80 Million Stake in First Solar, Inc. (NASDAQ:FSLR)

Summerhill Capital Management lnc. grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,243 shares of the solar cell manufacturer’s stock after purchasing an additional 7,576 shares during the quarter. First Solar makes up 5.8% of Summerhill Capital Management lnc.’s portfolio, making the stock its 8th largest holding. Summerhill Capital Management lnc.’s holdings in First Solar were worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd grew its holdings in First Solar by 6.4% in the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after buying an additional 55 shares in the last quarter. Field & Main Bank grew its holdings in First Solar by 4.1% in the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after buying an additional 55 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in First Solar by 0.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock worth $1,623,000 after buying an additional 55 shares in the last quarter. Demars Financial Group LLC grew its holdings in First Solar by 1.4% in the 3rd quarter. Demars Financial Group LLC now owns 4,129 shares of the solar cell manufacturer’s stock worth $1,030,000 after buying an additional 56 shares in the last quarter. Finally, Doliver Advisors LP grew its holdings in First Solar by 1.2% in the 4th quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock worth $831,000 after buying an additional 56 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

FSLR opened at $164.09 on Friday. The stock has a fifty day moving average of $177.00 and a 200-day moving average of $200.75. The firm has a market capitalization of $17.57 billion, a P/E ratio of 14.13, a PEG ratio of 0.18 and a beta of 1.47. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FSLR shares. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird cut their target price on First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Seaport Res Ptn upgraded First Solar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Barclays cut their target price on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, The Goldman Sachs Group cut their target price on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $276.38.

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.