First Solar, Inc. $FSLR is Foresight Group Ltd Liability Partnership’s 10th Largest Position

Foresight Group Ltd Liability Partnership grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 56.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,112 shares of the solar cell manufacturer’s stock after acquiring an additional 40,950 shares during the period. First Solar accounts for 3.7% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership owned 0.11% of First Solar worth $24,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Strategic Wealth Investment Group LLC bought a new stake in First Solar during the second quarter valued at about $26,000. Hantz Financial Services Inc. lifted its position 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 valued at $30,000 after buying an additional 75 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of First Solar during the 2nd quarter valued at approximately $36,000. NBT Bank N A NY increased its holdings in First Solar by 550.0% in the 3rd 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. bought a new stake in First Solar during the 3rd quarter worth approximately $52,000. Institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

Shares of First Solar stock opened at $222.13 on Tuesday. The firm has a market cap of $23.84 billion, a PE ratio of 17.06, a PEG ratio of 0.28 and a beta of 1.60. The stock has a 50 day moving average of $251.37 and a 200 day moving average of $232.53. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $285.99.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FSLR. Rothschild & Co Redburn increased their price objective on shares of First Solar from $150.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Wells Fargo & Company upped their target price on shares of First Solar from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Jefferies Financial Group cut First Solar from a “buy” rating to a “hold” rating and decreased their price target for the company from $269.00 to $260.00 in a report on Wednesday, January 7th. The Goldman Sachs Group restated a “buy” rating and issued a $316.00 price objective on shares of First Solar in a research report on Friday, October 31st. Finally, Barclays reiterated an “overweight” rating and set a $279.00 target price on shares of First Solar in a research report on Monday, November 3rd. One investment 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.94.

About First Solar

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.