TD Waterhouse Canada Inc. Has $4.06 Million Stock Holdings in First Solar, Inc. $FSLR

TD Waterhouse Canada Inc. increased its position in First Solar, Inc. (NASDAQ:FSLR) by 24.5% during the third quarter, Holdings Channel reports. The firm owned 18,049 shares of the solar cell manufacturer’s stock after buying an additional 3,556 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in First Solar were worth $4,063,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Wealth Investment Group LLC bought a new stake in First Solar in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its holdings in shares of First Solar by 69.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Total Investment Management Inc. bought a new stake in First Solar in the 2nd quarter valued at $36,000. Private Trust Co. NA lifted its holdings in First Solar by 2,610.0% during the 2nd quarter. Private Trust Co. NA now owns 271 shares of the solar cell manufacturer’s stock valued at $45,000 after purchasing an additional 261 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in First Solar during the second quarter worth $47,000. Institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 0.7%

Shares of FSLR stock opened at $225.52 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The stock has a market cap of $24.20 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The stock has a 50 day simple moving average of $255.74 and a 200 day simple moving average of $229.47. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $285.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Thursday, October 30th. The solar cell manufacturer reported $4.24 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.08). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.56 billion. First Solar had a net margin of 27.73% and a return on equity of 16.61%. First Solar’s revenue was up 79.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 earnings per share. On average, research analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 7,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $262.40, for a total value of $1,836,800.00. Following the completion of the transaction, the director owned 15,287 shares of the company’s stock, valued at $4,011,308.80. The trade was a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Georges Antoun sold 37,412 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $265.01, for a total transaction of $9,914,554.12. Following the completion of the transaction, the insider owned 15,424 shares of the company’s stock, valued at $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,912 shares of company stock worth $12,971,349. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FSLR shares. TD Cowen increased their price objective on shares of First Solar from $260.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Bank of America decreased their price target on shares of First Solar from $291.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Jefferies Financial Group downgraded shares of First Solar from a “buy” rating to a “hold” rating and cut their price objective for the stock from $269.00 to $260.00 in a research report on Wednesday, January 7th. Morgan Stanley set a $275.00 target price on First Solar in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on First Solar from $278.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Solar has an average rating of “Moderate Buy” and an average price target of $275.94.

First Solar Company Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.