Global Retirement Partners LLC Trims Position in First Solar, Inc. (NASDAQ:FSLR)

Global Retirement Partners LLC reduced its holdings in First Solar, Inc. (NASDAQ:FSLR) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,045 shares of the solar cell manufacturer’s stock after selling 283 shares during the period. Global Retirement Partners LLC’s holdings in First Solar were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Strengthening Families & Communities LLC purchased a new stake in First Solar in the third quarter valued at $25,000. Kennebec Savings Bank acquired a new position in shares of First Solar in the 3rd quarter valued at about $29,000. Larson Financial Group LLC boosted its stake in shares of First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares during the last quarter. Crews Bank & Trust acquired a new stake in First Solar during the fourth quarter worth about $53,000. Finally, Financial Avengers Inc. acquired a new stake in First Solar during the third quarter worth about $77,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSLR shares. BMO Capital Markets restated an “outperform” rating and issued a $260.00 price objective (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price target on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $276.38.

First Solar Trading Up 1.0 %

FSLR opened at $164.09 on Friday. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47. The company’s 50 day simple moving average is $177.00 and its two-hundred day simple moving average is $200.75. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

About First Solar

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.