First Solar, Inc. (NASDAQ:FSLR) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. grew its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475 shares of the solar cell manufacturer’s stock after purchasing an additional 75 shares during the period. Montag A & Associates Inc.’s holdings in First Solar were worth $84,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning grew its stake in shares of First Solar by 7.1% in the third quarter. Creative Planning now owns 17,003 shares of the solar cell manufacturer’s stock worth $4,241,000 after acquiring an additional 1,121 shares in the last quarter. Bleakley Financial Group LLC raised its position in First Solar by 8.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,383 shares of the solar cell manufacturer’s stock valued at $345,000 after purchasing an additional 110 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of First Solar by 2.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,055 shares of the solar cell manufacturer’s stock worth $2,758,000 after buying an additional 312 shares in the last quarter. Blue Trust Inc. increased its stake in shares of First Solar by 88.5% during the third quarter. Blue Trust Inc. now owns 769 shares of the solar cell manufacturer’s stock worth $192,000 after buying an additional 361 shares during the period. Finally, Raymond James & Associates lifted its stake in First Solar by 10.1% in the third quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer’s stock worth $3,253,000 after acquiring an additional 1,197 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Down 0.4 %

Shares of First Solar stock opened at $159.76 on Tuesday. First Solar, Inc. has a fifty-two week low of $141.70 and a fifty-two week high of $306.77. 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 business has a fifty day simple moving average of $179.22 and a 200-day simple moving average of $201.63. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup upgraded shares of First Solar from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Mizuho upgraded First Solar from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Guggenheim restated a “buy” rating and set a $335.00 target price on shares of First Solar in a research note on Wednesday, January 22nd. Bank of America cut their price objective on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Susquehanna dropped 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. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.