First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its stake in First Solar, Inc. (NASDAQ:FSLR) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,806 shares of the solar cell manufacturer’s stock after selling 1,169 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in First Solar were worth $3,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new stake in First Solar in the third quarter valued at approximately $25,000. Kennebec Savings Bank purchased a new stake in shares of First Solar in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 107 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of First Solar during the 4th quarter worth $53,000. Finally, Financial Avengers Inc. acquired a new position in shares of First Solar during the third quarter worth $77,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Stock Down 5.3 %

FSLR stock opened at $155.39 on Friday. The stock has a market capitalization of $16.64 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47. The company has a fifty day moving average of $176.11 and a 200-day moving average of $200.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a one year low of $141.70 and a one year high of $306.77.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of analyst reports. Janney Montgomery Scott upgraded 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. StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Susquehanna dropped their price target on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho upgraded shares of First Solar from a “neutral” rating to an “outperform” rating and upped their target price for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, First Solar has a consensus rating of “Buy” and an average target price of $276.38.

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.