Fort Washington Investment Advisors Inc. OH Acquires 124 Shares of First Solar, Inc. (NASDAQ:FSLR)

Fort Washington Investment Advisors Inc. OH raised its position in First Solar, Inc. (NASDAQ:FSLR) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,874 shares of the solar cell manufacturer’s stock after buying an additional 124 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in First Solar were worth $330,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in First Solar by 14.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer’s stock valued at $89,000 after purchasing an additional 45 shares during the period. Davis Investment Partners LLC grew its holdings in First Solar by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer’s stock worth $1,805,000 after acquiring an additional 46 shares during the period. Gilman Hill Asset Management LLC boosted its position in shares of First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer’s stock worth $455,000 after purchasing an additional 50 shares in the last quarter. Field & Main Bank boosted its position in shares of First Solar by 4.1% during the 3rd quarter. Field & Main Bank now owns 1,385 shares of the solar cell manufacturer’s stock worth $345,000 after purchasing an additional 55 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of First Solar by 6.4% during the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer’s stock worth $229,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Mizuho decreased their price target on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Robert W. Baird decreased their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Barclays cut their price target on shares of First Solar from $290.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Three 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $277.75.

First Solar Trading Up 1.3 %

NASDAQ FSLR opened at $174.11 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.49. The company’s 50-day simple moving average is $189.56 and its two-hundred day simple moving average is $208.59. First Solar, Inc. has a one year low of $135.88 and a one year high of $306.77.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business posted $2.50 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts forecast that First Solar, Inc. will post 13.07 EPS for the current fiscal year.

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.