Financial Sense Advisors Inc. Acquires 1,271 Shares of First Solar, Inc. (NASDAQ:FSLR)

Financial Sense Advisors Inc. raised its holdings in First Solar, Inc. (NASDAQ:FSLR) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,002 shares of the solar cell manufacturer’s stock after buying an additional 1,271 shares during the quarter. First Solar comprises 1.7% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 12th largest position. Financial Sense Advisors Inc.’s holdings in First Solar were worth $5,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FSLR. Strengthening Families & Communities LLC purchased a new stake in First Solar in the third quarter worth about $25,000. Kennebec Savings Bank purchased a new position in shares of First Solar in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in shares of First Solar by 214.0% during 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 in the last quarter. Crews Bank & Trust purchased a new stake in First Solar in the fourth quarter worth $53,000. Finally, Financial Avengers Inc. bought a new position in First Solar in the third quarter worth $77,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSLR has been the topic of a number of recent research reports. Mizuho raised shares of First Solar from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $218.00 to $259.00 in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Susquehanna lowered their target price on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a report on Wednesday, October 30th. Evercore ISI reduced their price objective on First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays dropped their target price on First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $276.38.

First Solar Stock Performance

FSLR opened at $162.50 on Thursday. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.18 and a beta of 1.47. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $177.64 and its 200 day moving average is $201.00.

First Solar Company 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.