2,485 Shares in First Solar, Inc. (NASDAQ:FSLR) Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,485 shares of the solar cell manufacturer’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in shares of First Solar during the 3rd quarter valued at approximately $25,000. Kennebec Savings Bank purchased a new stake in First Solar in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC lifted its stake 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 worth $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 valued at $53,000. Finally, Hudson Edge Investment Partners Inc. purchased a new stake in shares of First Solar during the 4th quarter valued at $53,000. 92.08% of the stock is owned by institutional investors.

First Solar Stock Up 6.4 %

FSLR opened at $156.84 on Thursday. The firm has a 50 day moving average price of $174.00 and a 200-day moving average price of $199.08. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a twelve month low of $144.28 and a twelve month high of $306.77.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. Equities research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FSLR. Susquehanna lowered their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Evercore ISI cut their target price on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on shares of First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their price objective on shares of First Solar from $280.00 to $251.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $268.00.

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.