Prime Capital Investment Advisors LLC Grows Stock Holdings in First Solar, Inc. $FSLR

Prime Capital Investment Advisors LLC boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 12.5% in the third quarter, HoldingsChannel.com reports. The fund owned 20,568 shares of the solar cell manufacturer’s stock after purchasing an additional 2,290 shares during the period. Prime Capital Investment Advisors LLC’s holdings in First Solar were worth $4,536,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its position in First Solar by 69.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 183 shares of the solar cell manufacturer’s stock valued at $30,000 after buying an additional 75 shares during the period. Total Investment Management Inc. acquired a new position in shares of First Solar in the second quarter worth $36,000. NBT Bank N A NY grew its stake in shares of First Solar by 550.0% in the third quarter. NBT Bank N A NY now owns 221 shares of the solar cell manufacturer’s stock worth $49,000 after acquiring an additional 187 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of First Solar during the third quarter worth $52,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on First Solar from $244.00 to $258.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. BMO Capital Markets set a $263.00 target price on shares of First Solar in a research note on Thursday, January 29th. Daiwa Securities Group lifted their price target on shares of First Solar from $215.00 to $284.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Evercore boosted their price target on shares of First Solar from $240.90 to $241.00 in a report on Friday, October 31st. Finally, Wolfe Research boosted their target price on shares of First Solar from $232.00 to $247.00 in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and a consensus price target of $275.94.

First Solar Stock Down 6.7%

FSLR opened at $218.73 on Friday. The company has a market cap of $23.47 billion, a PE ratio of 16.80, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $285.99. The business has a 50 day moving average price of $252.20 and a two-hundred day moving average price of $231.51.

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.