Handelsbanken Fonder AB Has $66.09 Million Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Handelsbanken Fonder AB grew its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 110.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,010 shares of the solar cell manufacturer’s stock after acquiring an additional 196,744 shares during the period. Handelsbanken Fonder AB owned 0.35% of First Solar worth $66,092,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC bought a new stake in First Solar in the 3rd quarter valued at $25,000. Kennebec Savings Bank acquired a new position in shares of First Solar in the third quarter valued at about $29,000. Larson Financial Group LLC increased its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the period. Crews Bank & Trust acquired a new stake in First Solar in the 4th quarter worth about $53,000. Finally, Financial Avengers Inc. acquired a new position in shares of First Solar during the 3rd quarter worth approximately $77,000. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FSLR shares. Susquehanna cut their price target on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Mizuho upgraded First Solar from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $218.00 to $259.00 in a research report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 target price (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Royal Bank of Canada cut their price target on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Two 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.com, First Solar currently has a consensus rating of “Buy” and a consensus price target of $276.38.

First Solar Stock Performance

Shares of FSLR opened at $162.50 on Thursday. The firm’s fifty day simple moving average is $177.64 and its two-hundred day simple moving average is $201.00. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77. 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 market capitalization of $17.40 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47.

First Solar Company 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.