First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Quaero Capital S.A.

Quaero Capital S.A. cut its stake in First Solar, Inc. (NASDAQ:FSLR) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,521 shares of the solar cell manufacturer’s stock after selling 5,393 shares during the period. First Solar comprises about 1.9% of Quaero Capital S.A.’s holdings, making the stock its 20th largest holding. Quaero Capital S.A.’s holdings in First Solar were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Western Financial Corp CA purchased a new position in shares of First Solar in the 3rd quarter valued at about $1,209,000. Whalen Wealth Management Inc. lifted 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 acquiring an additional 1,554 shares during the last quarter. Stifel Financial Corp grew its holdings in First Solar by 36.9% during the 3rd quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock worth $5,350,000 after acquiring an additional 5,780 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of First Solar by 9.0% in the 4th 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 last quarter. Finally, Paragon Capital Management Inc. acquired a new stake in shares of First Solar in the 4th quarter valued at $1,240,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Trading Down 0.4 %

NASDAQ FSLR opened at $159.76 on Friday. First Solar, Inc. has a 52-week low of $141.70 and a 52-week high of $306.77. The firm has a 50-day moving average price of $180.02 and a 200 day moving average price of $202.20. The stock has a market capitalization of $17.10 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.19 and a beta of 1.47. 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 Upgrades and Downgrades

FSLR has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 target price (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Citigroup raised First Solar from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Robert W. Baird cut their target price on First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Piper Sandler upped their price target on First Solar from $210.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Morgan Stanley cut their price objective on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, First Solar currently has a consensus rating of “Buy” and a consensus target price of $276.38.

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.