Lightrock Netherlands B.V. Takes Position in First Solar, Inc. (NASDAQ:FSLR)

Lightrock Netherlands B.V. bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,642 shares of the solar cell manufacturer’s stock, valued at approximately $8,615,000. First Solar comprises approximately 3.0% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Western Financial Corp CA purchased a new stake in shares of First Solar in the third quarter worth approximately $1,209,000. Whalen Wealth Management Inc. increased its stake in First Solar by 47.0% in the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock worth $856,000 after purchasing an additional 1,554 shares during the period. Stifel Financial Corp lifted its position in shares of First Solar by 36.9% during the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock worth $5,350,000 after purchasing an additional 5,780 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of First Solar by 9.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock valued at $104,910,000 after purchasing an additional 49,074 shares during the period. Finally, Golden State Equity Partners grew its holdings in shares of First Solar by 41,342.9% in the fourth quarter. Golden State Equity Partners now owns 2,901 shares of the solar cell manufacturer’s stock worth $511,000 after purchasing an additional 2,894 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR stock opened at $162.89 on Tuesday. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.19 and a beta of 1.47. 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 stock’s 50-day simple moving average is $183.24 and its 200-day simple moving average is $203.69. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77.

Analyst Ratings Changes

Several equities research analysts have issued reports on FSLR shares. Barclays lowered their price objective on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho dropped their price objective on First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird decreased 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. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their price target on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $276.29.

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.