2,500 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. acquired a new position in shares of First Solar, Inc. (NASDAQ:FSLR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,500 shares of the solar cell manufacturer’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSLR. Strengthening Families & Communities LLC acquired a new position in First Solar during the third quarter worth $25,000. Kennebec Savings Bank acquired a new position in First Solar during the third quarter worth $29,000. Larson Financial Group LLC raised its holdings in shares of First Solar by 214.0% in 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 last quarter. Crews Bank & Trust acquired a new position in shares of First Solar in the fourth quarter worth $53,000. Finally, Hudson Edge Investment Partners Inc. acquired a new position in shares of First Solar in the fourth quarter worth $53,000. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Price Performance

Shares of NASDAQ FSLR opened at $136.18 on Friday. First Solar, Inc. has a 1-year low of $133.90 and a 1-year high of $306.77. The business has a 50-day moving average of $172.38 and a 200-day moving average of $197.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.19 and a beta of 1.47.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. On average, equities analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America cut their price target on First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Robert W. Baird cut their price target on First Solar from $307.00 to $267.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company cut their price target on First Solar from $240.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target (down from $260.00) on shares of First Solar in a report on Wednesday. Finally, Citigroup cut their price target on First Solar from $254.00 to $236.00 and set a “neutral” rating for the company in a report 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 stock. According to MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $262.08.

First Solar 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.