Eurizon Capital SGR S.p.A. Takes Position in First Solar, Inc. $FSLR

Eurizon Capital SGR S.p.A. acquired a new stake in First Solar, Inc. (NASDAQ:FSLRFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 55,613 shares of the solar cell manufacturer’s stock, valued at approximately $14,536,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aventura Private Wealth LLC purchased a new position in shares of First Solar in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC boosted its stake in shares of First Solar by 117.0% in the fourth quarter. Larson Financial Group LLC now owns 102 shares of the solar cell manufacturer’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Elyxium Wealth LLC purchased a new position in shares of First Solar in the fourth quarter valued at approximately $30,000. Strategic Wealth Investment Group LLC purchased a new position in shares of First Solar in the second quarter valued at approximately $26,000. Finally, Rothschild Investment LLC boosted its stake in shares of First Solar by 212.3% in the fourth quarter. Rothschild Investment LLC now owns 178 shares of the solar cell manufacturer’s stock valued at $47,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore raised their price objective on shares of First Solar from $212.00 to $219.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on shares of First Solar from $303.00 to $256.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Zacks Research raised shares of First Solar from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Mizuho lowered their price objective on shares of First Solar from $271.00 to $243.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Finally, DZ Bank raised shares of First Solar to a “strong sell” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, First Solar has an average rating of “Moderate Buy” and an average target price of $247.40.

Get Our Latest Stock Report on First Solar

First Solar Price Performance

Shares of First Solar stock opened at $306.79 on Monday. First Solar, Inc. has a 52-week low of $135.50 and a 52-week high of $313.75. The company has a 50 day moving average of $213.45 and a 200 day moving average of $231.38. The company has a quick ratio of 2.15, a current ratio of 2.56 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $32.96 billion, a P/E ratio of 19.82, a P/E/G ratio of 0.68 and a beta of 1.70.

First Solar (NASDAQ:FSLRGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The solar cell manufacturer reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.35. First Solar had a net margin of 30.73% and a return on equity of 18.01%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. As a group, research analysts forecast that First Solar, Inc. will post 17.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Jason E. Dymbort sold 9,022 shares of First Solar stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $199.62, for a total value of $1,800,971.64. Following the completion of the transaction, the general counsel owned 9,850 shares in the company, valued at $1,966,257. The trade was a 47.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alexander R. Bradley sold 14,106 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $199.97, for a total transaction of $2,820,776.82. Following the sale, the chief financial officer owned 30,000 shares of the company’s stock, valued at $5,999,100. This represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,827 shares of company stock valued at $20,006,930 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

First Solar News Summary

Here are the key news stories impacting First Solar this week:

First Solar Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLRFree Report).

Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.