L. Roy Papp & Associates LLP Acquires 181 Shares of First Solar, Inc. (NASDAQ:FSLR)

L. Roy Papp & Associates LLP grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,786 shares of the solar cell manufacturer’s stock after acquiring an additional 181 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in First Solar were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after purchasing an additional 904,498 shares during the period. Robeco Institutional Asset Management B.V. grew its position in First Solar by 1,757.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after buying an additional 516,783 shares in the last quarter. Merewether Investment Management LP grew its position in First Solar by 993.4% during the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock worth $80,553,000 after buying an additional 293,400 shares in the last quarter. Erste Asset Management GmbH bought a new position in First Solar during the third quarter valued at about $67,652,000. Finally, International Assets Investment Management LLC raised its holdings in First Solar by 24,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer’s stock valued at $542,560,000 after acquiring an additional 216,640 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

First Solar stock opened at $161.60 on Wednesday. The business’s 50-day simple moving average is $182.32 and its 200 day simple moving average is $203.23. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FSLR. Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $218.00 to $259.00 in a report on Tuesday. Barclays decreased their price target on shares of First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Roth Mkm dropped their price objective on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Susquehanna decreased their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $260.00 target price (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $276.38.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.