First Solar, Inc. (NASDAQ:FSLR) Given Consensus Rating of “Moderate Buy” by Brokerages

First Solar, Inc. (NASDAQ:FSLR) has been assigned an average rating of “Moderate Buy” from the thirty-two research firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $275.6085.

FSLR has been the topic of several analyst reports. UBS Group raised their target price on shares of First Solar from $275.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Daiwa Securities Group increased their price objective on shares of First Solar from $215.00 to $284.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. DZ Bank lowered shares of First Solar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Roth Mkm set a $300.00 price objective on shares of First Solar in a research report on Friday, October 31st. Finally, Royal Bank Of Canada boosted their target price on shares of First Solar from $244.00 to $258.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th.

First Solar Price Performance

FSLR stock opened at $225.65 on Tuesday. The business’s 50-day moving average is $248.10 and its two-hundred day moving average is $234.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. The firm has a market capitalization of $24.21 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.29 and a beta of 1.60. First Solar has a 1 year low of $116.56 and a 1 year high of $285.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC lifted its stake in First Solar by 1.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 2,287 shares of the solar cell manufacturer’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in First Solar by 1.2% during the fourth quarter. Apollon Wealth Management LLC now owns 3,606 shares of the solar cell manufacturer’s stock worth $942,000 after purchasing an additional 44 shares in the last quarter. Root Financial Partners LLC raised its holdings in First Solar by 18.2% during the fourth quarter. Root Financial Partners LLC now owns 292 shares of the solar cell manufacturer’s stock worth $76,000 after purchasing an additional 45 shares in the last quarter. Signaturefd LLC lifted its position in shares of First Solar by 2.6% during the 3rd quarter. Signaturefd LLC now owns 1,879 shares of the solar cell manufacturer’s stock worth $414,000 after buying an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC boosted its holdings in shares of First Solar by 4.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,196 shares of the solar cell manufacturer’s stock valued at $312,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

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.