Slow Capital Inc. Has $5.20 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Slow Capital Inc. grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,193 shares of the solar cell manufacturer’s stock after purchasing an additional 361 shares during the quarter. First Solar comprises about 0.9% of Slow Capital Inc.’s portfolio, making the stock its 22nd biggest holding. Slow Capital Inc.’s holdings in First Solar were worth $5,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FSLR. Baystate Wealth Management LLC acquired a new position in shares of First Solar during the 4th quarter worth approximately $29,000. First Pacific Financial acquired a new position in shares of First Solar during the 3rd quarter worth approximately $27,000. Estabrook Capital Management acquired a new position in shares of First Solar during the 3rd quarter worth approximately $29,000. Headinvest LLC acquired a new position in shares of First Solar during the 3rd quarter worth approximately $30,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of First Solar during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insiders Place Their Bets

In other First Solar news, Director R Craig Kennedy sold 1,500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $157.76, for a total value of $236,640.00. Following the transaction, the director now owns 15,641 shares in the company, valued at $2,467,524.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director R Craig Kennedy sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $157.76, for a total value of $236,640.00. Following the transaction, the director now owns 15,641 shares in the company, valued at $2,467,524.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 16,667 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $155.55, for a total value of $2,592,551.85. Following the completion of the transaction, the insider now owns 42,041 shares in the company, valued at approximately $6,539,477.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,620 shares of company stock worth $4,269,540. Corporate insiders own 0.58% of the company’s stock.

First Solar Stock Up 0.6 %

NASDAQ:FSLR traded up $0.98 on Wednesday, hitting $174.06. The stock had a trading volume of 927,974 shares, compared to its average volume of 2,050,521. The business’s fifty day moving average is $159.59 and its 200 day moving average is $155.77. The company has a market cap of $18.63 billion, a PE ratio of 22.84, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a quick ratio of 2.92, a current ratio of 3.55 and a debt-to-equity ratio of 0.07. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $232.00.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $195.00 target price on shares of First Solar in a report on Wednesday, February 28th. Oppenheimer upped their target price on First Solar from $268.00 to $269.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Susquehanna reaffirmed a “positive” rating and issued a $258.00 target price on shares of First Solar in a report on Friday, April 5th. Wells Fargo & Company cut First Solar from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $215.00 to $187.00 in a research note on Monday, January 8th. Finally, Bank of America increased their price target on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.96.

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.