V Square Quantitative Management LLC Acquires 95 Shares of First Solar, Inc. (NASDAQ:FSLR)

V Square Quantitative Management LLC increased its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,608 shares of the solar cell manufacturer’s stock after buying an additional 95 shares during the period. V Square Quantitative Management LLC’s holdings in First Solar were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Western Financial Corp CA bought a new position in shares of First Solar during the 3rd quarter valued at $1,209,000. Whalen Wealth Management Inc. increased its position in First Solar by 47.0% during the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after acquiring an additional 1,554 shares during the last quarter. Stifel Financial Corp lifted its holdings in First Solar by 36.9% in the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after acquiring an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock worth $104,910,000 after purchasing an additional 49,074 shares during the last quarter. Finally, Paragon Capital Management Inc. bought a new stake in shares of First Solar during the 4th quarter valued at about $1,240,000. 92.08% of the stock is currently owned by institutional investors.

First Solar Trading Down 0.4 %

Shares of FSLR opened at $159.76 on Friday. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. 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’s fifty day moving average is $180.02 and its 200 day moving average is $202.14. The stock has a market capitalization of $17.10 billion, a PE ratio of 13.76, a P/E/G ratio of 0.19 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price objective (down previously from $286.00) on shares of First Solar in a report 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 target on the stock in a research note on Tuesday, October 29th. Robert W. Baird reduced their price objective on First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Susquehanna lowered their target price on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Finally, Bank of America lowered their price objective on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, First Solar currently has an average rating of “Buy” and a consensus price target 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.