Figure 8 Investment Strategies LLC Invests $1.44 Million in First Solar, Inc. (NASDAQ:FSLR)

Figure 8 Investment Strategies LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,169 shares of the solar cell manufacturer’s stock, valued at approximately $1,440,000. First Solar comprises approximately 1.4% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new position in First Solar during the third quarter worth about $25,000. Strengthening Families & Communities LLC purchased a new position in First Solar during the third quarter worth approximately $25,000. Kennebec Savings Bank purchased a new position in First Solar during the third quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of First Solar in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FSLR shares. Barclays lowered their price target on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group decreased 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. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Tuesday, October 29th. Evercore ISI reduced their price objective on First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Up 1.1 %

NASDAQ:FSLR opened at $160.34 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $180.71 and a 200-day moving average of $202.62. The firm has a market capitalization of $17.17 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 52 week low of $141.70 and a 52 week high of $306.77.

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.