Empowered Funds LLC Purchases 7,103 Shares of First Solar, Inc. (NASDAQ:FSLR)

Empowered Funds LLC increased its position in First Solar, Inc. (NASDAQ:FSLR) by 95.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,507 shares of the solar cell manufacturer’s stock after buying an additional 7,103 shares during the quarter. Empowered Funds LLC’s holdings in First Solar were worth $2,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC bought a new stake in First Solar in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC bought a new stake in First Solar in the third quarter valued at approximately $25,000. Kennebec Savings Bank bought a new stake in First Solar in the third quarter valued at approximately $29,000. Larson Financial Group LLC lifted its position in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after purchasing an additional 107 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in First Solar in the fourth quarter valued at approximately $53,000. Institutional investors own 92.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FSLR shares. Barclays lowered their price objective on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their target price on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Bank of America reduced their target price on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $276.38.

First Solar Trading Up 1.1 %

NASDAQ FSLR opened at $160.34 on Friday. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77. The stock has a market cap of $17.17 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.19 and a beta of 1.47. The stock’s fifty day moving average price is $180.71 and its 200-day moving average price is $202.62. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

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.